ALROSA’s diamond production down 27%

ALROSA, a global leader in diamond production, reported its Q4 2019 diamond production and sales.

Its Q4 diamond production declined by 27% q-o-q to 8.8 mio carats (15% y-o-y reduction). Q4 ore and gravels processing seasonally was down by 58% q-o-q (-3% y-o-y).

Q4 diamond sales increased by 28% q-o-q (down 9% y-o-y) to 8.2 mio carats, including 5.9 mio carats of gem-quality diamonds. 12M sales decreased by 12% to 33.4 mio carats. Diamond inventories as at the end of Q4 2019 increased by 33% y-o-y to 22.6 mio carats, with diamond production exceeding sales volumes throughout the year.

Q4 average prices for gem-quality diamonds rose by 9% q-o-q (down 3% y-o-y) to $148/carat. 12M prices were at $133/carat (down 19%). Q4 diamond price index declined by 2% q-o-q.

Revenue for 12M was at $3,338 mio (down 26%).

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