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ALROSA’s February sales of rough and polished diamonds reach $345.6 m

  • Published in Economy
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ALROSA, a global leader in diamond production, reports diamond sales for February 2019.

In February, total sales of rough and polished diamonds increased to $345.6 million, up 23% compared to January 2019 (up $64.1 m).

Rough diamonds sales in February increased to $340.6 m (compared to $278.2 m in January 2019), while polished diamond sales grew to $5 m (compared to $3.4 m a month ago).

“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,” said Sergey Ivanov, ALROSA CEO.

ALROSA’s total rough and polished diamond sales in January-February 2019 amounted to $627 m. The value of rough diamonds sold was $618.8 m for two months, that of polished diamonds – $8.3 m.