 Alrosa's Jubilee pipe in northeast Russia | Reuters reports Russia's Federal Security Service or FSB raided the Moscow offices of Alrosa in relation to Alrosa's divestment of a number of assets including a 51% stake in Timir iron ore project to Evraz and the ultimately unsuccessful negotiations with Russian oil giant Rosneft to offload the diamond miner's gas fields. Alrosa, worth $12 billion on the Moscow Stock Exchange, posted a fourfold increase in total profit to $2.31 billion (133.5 billion roubles) for 2016. Moscow sold a 10.9% stake in the company last year raising $813 million for state coffers. |
 | The world's largest diamond miner, which is planning to increase production by 6% to 39.2 million carats this year, appointed Sergei Ivanov, the son of a close advisor to Russian president Vladimir Putin, as its new president last week. |  |
