News

Advanced Search

Alrosa Garners $258M in Slow August

Sep 10, 2017 5:16 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share



RAPAPORT...
Alrosa’s sales rose to almost $258 million in August, but the miner said the month was seasonally quiet.

Rough-diamond revenue increased 5% to $255.7 million, while sales of polished stood at $1.9 million versus the $6.3 million the company reported a year ago. Total diamond sales increased 3%, based on rough and polished figures Alrosa reported for August last year. August sales this year were 12% lower than the previous month.

“August is [a] traditionally low season for trading,” Alrosa vice president Yury Okoyomov said in a statement Thursday. “This year was no exception, although sales volumes in August were slightly higher than a year earlier.”

In the first eight months, sales amounted to $3.05 billion, implying a 3.6% drop compared with figures the miner published last year. Rough sales declined 3.5% to $2.98 billion and polished sales fell 9% to $64.2 million.

Image: Alrosa
Tags: Alrosa, mining, Rapaport News, Rough Diamonds, Russia, Yury Okoyomov
Similar Articles
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2017 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.