ALROSA announced production and sales results for the fourth quarter and full year of 2013. For the quarter, the company produced 9.9 million carats of diamonds, an increase of 10% compared to fourth quarter of 2012.

For the full year of 2013, the company's diamond production totaled 36.9 million carats, which is 7% higher compared to the previous year. The production increase was primarily driven by improved ore grade at the Jubilee pipe, the acquisition of OJSC Nizhne-Lenskoye, and Aikhal underground mine reaching its target capacity.

For the quarter, the company sold 10.8 million carats of diamonds, including 6.7 million carats of gem-quality diamonds with an average price of $192 per carat and 4.1 million carats of industrial diamonds with an average price of $7 per carat.

For the full year of 2013, the company's diamond sales totaled 38.0 million carats of diamonds, including 26.7 million carats of gem-quality diamonds with an average price of $176 per carat and 11.3 million carats of industrial diamonds with an average price of $9 per carat.

The company expects its 2013 revenue under IFRS (including non-diamond revenue) to increase by around 10% compared to the previous year and amount to no less than RUB 165 billion.

In 2014, the company expects diamond sales at the level of 38 million carats, including sales of inventories of around 2 million carats.

In 2014, the company expects its diamond production to be at the level of 36 million carats.