ALROSA’s diamond sales up 23%

The company which is a global leader in diamond production, reported at its website that in February its sales of rough and polished diamonds increased by $64.1 mio and reached $345.6 mio.

Rough diamonds sales in February increased to $340.6 mio (from $278.2 mio in January 2019), while polished diamonds sales grew to $5 mio (compared to $3.4 mio a month earlier). ALROSA’s total rough ($618.8 mio) and polished ($8.4 mio) diamonds sales in January and February 2019 thus amounted to $627.2 mio.

“We see Indian mid-streamers activity gradually recover, despite some challenges hampering access to bank financing for the industry in this country. This sentiment is particularly noticeable for small- and medium-sized rough diamonds. The company has moderately optimistic expectations of further smooth growth in demand and market activity,” Sergey Ivanov, ALROSA CEO, said.

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