ALROSA completed its acquisition of alluvial diamond mining company Nizhne-Lenskoe for $216.9 million (RUB 7 billion). The deal was financed by short-term debt and is line with the company’s strategy to build its mineral reserves.

ALROSA's fully owned subsidiary Almazy Anabara in January bought a 51 percent stake in Nizhne-Lenskoe for $119 million (RUB 3.67 million) and closed the deal on June 5, 2013 for the remaining 49 percent stake.

Nizhne-Lenskoye mines alluvial diamonds near operations already run by Almazy Anabara in the northwestern part of the Republic of Sakha, Yakutia. The company has estimated diamond reserves of 26.4 million carats with existing and expected mineral resources sufficient to maintain diamond mining for no less than 14 years, ALROSA said.

Rough diamonds from the deposits fetched an average price of $100 to $180 per carat. In 2012, Nizhne-Lenskoe's production reached 1.5 million carats generating $145.6 million (RUB 4.7 billion) in revenue.