ALROSA Diamond Sales +27% in 1Q
Jun 21, 2012 6:40 AM
By Avi Krawitz
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RAPAPORT... ALROSA reported that diamond revenue rose 27 percent year on year to $1.1 billion (RUB 34.5 billion) in the first quarter of 2012 as prices strengthen and the volume of sales increased. ALROSA’s total revenue increased 26 percent to $1.13 billion (RUB 37.2 billion) and its net profit increased 8 percent to $386 million (RUB 12.69 billion) during the quarter.
The company reported that the volume of sales of gem-quality diamonds rose 2 percent to 6.1 million carats with the average price on these goods jumping 24 percent year on year to $183.90 per carat. The average price of its gem-quality sales increased by 5 percent compared to the fourth quarter. Non-gem quality sales rose 10 percent year on year to 3.4 million carats with the average price doubling to $8.80 per carat.
The total volume of sales increased 4 percent to 9.5 million carats, ALROSA’s production fell 19 percent to 8.1 million carats.
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Tags:
Alrosa, Avi Krawitz, diamond, diamonds, Rapaport
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