Russian mining company Alrosa, has set a budget and production targets for 2011 during an executive committee meeting last week in Moscow, Russia. It aims to produce 34.438 million carats a rise of 2 percent from 33.76 million carats in 2010. Core product sales including both polished and rough diamonds is projected to rise 3.2 percent to $3.526 billion, of which $3.366 billion will be contributed by rough diamond sales and $160 million by polished diamond sales. %% In 2009, Alrosa’s production stood at 32.8 million carats. De Beers, the leading diamond producer, has projected production of around 31 million carats in 2010, from 24.6 million carats in 2009. This perspective hints at Alrosa aiming to be a market leader in diamond production in carat terms. The company is planning an investment program for underground mine construction, operational efficiency improvement, cost reduction, and adopting energy saving measures. %% It has pegged profit in 2011 to be $334 million, from a projection of $191 million for 2010.