The mining giant sold $294.9 million worth of rough and polished - a 14% rise year-on-year
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12.09.2018Financial News
Credit: Alrosa Alrosa has announced diamond sales results for August and eight months of 2018. In August, the Russian mining giant sold $294.9 million worth of rough and polished diamonds – a 14% rise year-on-year. Rough diamond sales totaled $283.2 million while polished diamond sales totaled $11.7 million.
From January to August, Alrosa’s diamond sales grew 9% year-on-year to $3.323 billion, including rough diamond sales of $3.256 billion and polished diamond sales of $67 million.
The miner’s Deputy CEO for Sales Yury Okoemov commented: “Despite traditional August market slowdown, sales of both rough and polished diamonds were much higher than a year before. Positive trends in diamond jewelry sales observed since the beginning of the year contribute to stable demand for almost the entire range of our products, especially for high-price rough diamonds”. Okoemov added that Alrosa maintains a “moderately positive outlook for the rough and polished diamond market growth in 2018. In the medium term, rough diamond sales will be supported by the growing demand for diamond jewelry in the main jewelry consuming countries – the US, China and India”.
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