Alrosa's RAS earnings in 1Q09 down threefold to $152 million

MOSCOW, May 15 (RIA Novosti) - Russia's largest diamond miner Alrosa's earnings calculated to Russian Accounting Standards dropped threefold to 4.9 billion rubles ($152 million) in the first quarter of 2009 on the same period last year.

Alrosa accounts for 97% of Russian and 25% of global diamond output. The Russian government holds a 50.9% stake in the company.