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Russia's diamond giant Alrosa may lower 2009 forecasts


MOSCOW, April 10 (RIA Novosti) - The board of Russian diamond giant Alrosa decided at a meeting on Friday to propose to its supervisory committee a downwards revision of its 2009 forecasts for output, sales and profit parameters.

Under the proposed amendments, diamond production will be forecast at $1.87 billion in 2009, with net profit for the year at 2.18 billion rubles ($64.75 million).

The producer, which accounts for 25% of global diamond output, said in a statement the amendment proposals followed a substantial decrease in diamond sales and changes in the ruble-dollar exchange rate.

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