News

Advanced Search

Alrosa Revenue Rises Amid Market Rebound

Jan 13, 2020 10:29 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT... Alrosa’s sales increased 11% year on year to $363.8 million in December as demand in the manufacturing sector continued to rebound, the Russian miner said Monday.

“In December, we observed signs of stabilizing diamond demand that had emerged earlier in the second half of the year amid the gradual restoration of market balance,” said Alrosa deputy CEO Evgeny Agureev. 

The month saw the steepest sales increase of the year, with both rough and polished sales improving. Rough-diamond sales grew 9% to $352.1 million for the month, while polished revenue more than doubled to $11.6 million, compared with $5 million a year ago.

Alrosa’s sales dropped 26% to $3.34 billion for the year. Revenue from rough stones decreased 26% to $3.27 billion, and polished-diamond sales slid 32% to $64.7 million.

Image: Rough diamonds at a sorting center in Mirny. (Alrosa)
Tags: Alrosa, December sales, Evgeny Agureev, Rapaport News
Similar Articles
Akil Zubir AlrosaAlrosa Names New Belgium Chief
Sep 21, 2020
Alrosa has appointed Akil Zubir as managing director of its Belgium office, the miner said Thursday.
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2020 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.