Russian state-controlled diamond producer Alrosa on Friday reported second-quarter net profit of 30.2 billion rubles ($411 million), up 26% from the previous quarter, thanks to higher prices. The world's largest producer of rough diamonds, which competes with Anglo American unit De Beers, is gradually restoring output after last year's 22% reduction to 30 million carats when global diamond sales were hit by the COVID-19 pandemic. Net profit in the same quarter last year was a mere 300 million rubles ($4 million) because of the pandemic. Demand for diamond jewelry continued to recover
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