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RAPAPORT… Alrosa’s sales far exceeded production in the first quarter, helping the mining company reduce excess inventory from 2015, it reported Thursday. Production rose 9% year on year to 8.9 million carats during the three-month period, Alrosa said. It sold 14.1 million carats — a 17% jump from last year, according to Rapaport records. The company benefited from abnormally strong Indian deman…

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