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Robust Demand Drives Alrosa Sales Jump
May 13, 2018 8:45 AM
By Rapaport News
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RAPAPORT... Alrosa’s sales grew 28% year on year to $405.3 million in
April amid strong demand for goods and an optimistic market, the miner said.
“In January to April, world markets saw consistent high demand
for rough diamonds,” Yury Okoemov, deputy CEO of Alrosa, noted last week.
Diamond trading slowed in April in line with seasonal
trends, Okoemov explained. However, demand and sales were robust, supported by positive
market sentiment and reports from retailers of strong sales, the executive
added.
Alrosa’s rough sales jumped 28% to $396.2 million for the
month, while polished revenue rose 20% to $9.1 million.
During the four months to April 30, sales increased 18% to
$2.01 billion, including $1.98 billion of rough sales and $32.9 million from polished.
Alrosa’s May contract sale will begin on Monday, as
will De Beers’ fourth sight of the year. Those sales coincide with the Antwerp
Rough Diamond Days, a trading event taking place in the Antwerpsche
Diamantkring.
Image: Alrosa
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Tags:
Alrosa, Antwerp Rough Diamond Days, Antwerpsche Diamantkring, De Beers, Rapaport News, Rough Diamonds, Yury Okoemov
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