Advanced Search

Alrosa Sales Slide Amid Shifts in Demand

May 11, 2017 8:47 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

Alrosa's sales fell in April and for the first four months of the year as the Russian miner sold a larger volume of low-value rough diamonds than it did last year.

Rough sales declined to $310.2 million in April, the company reported Wednesday. This represented a 45% slide from a year ago, according to Thursday estimates from VTB Capital.

During the January-to-April period, revenue from rough diamonds dropped 12.5% to $1.7 billion, even as sales volume jumped 7% to 16.9 million carats.

Alrosa noted that it had started 2016 in a buoyant fashion, selling high-value rough from its stockpiles. However, in the first four months of 2017, a larger proportion of the goods sold were small, lower-priced stones, the miner explained.

“Taking into account the positive trends in the downstream segment of the diamond market, [such as] the recovery in Asian diamond-jewelry sales in the year to date, we do not rule out stronger [Alrosa] sales in May and June,” VTB commented.
Tags: Alrosa, mining, Rapaport News, Rough Diamonds, rough sales, Russia, VTB Capital
Similar Articles
Diamcor rough diamonds140Diamcor to Overhaul Facilities at Mine
May 30, 2021
Diamcor is set to expand the processing facilities at its mining project in South Africa, aiming to give output
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2021 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
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.