|
|
Steady Rough Market Boosts Alrosa Sales
Aug 12, 2018 6:03 AM
By Rapaport News
|
|
|
RAPAPORT... Alrosa’s sales climbed 16% year on year to $339.1 million in
July as rough demand remained strong despite the summer lull, the miner said
Friday.
“Compared to last year, demand for rough diamonds remains
more balanced — almost all diamond categories benefit from continued
demand in key markets globally,” said Alrosa deputy CEO Yury Okoemov. “In July,
there was a minor seasonal softening on the market in the run-up to [the] August
holidays, but [it was] not as intensive as last year.”
Rough-diamond sales jumped 17% year on year to $333.8
million for the month, according to Rapaport calculations, while polished revenue dropped 28% to $5.3 million.
In the first seven months of the year, sales increased 9% to
$3.03 billion. Revenue from rough stones climbed 9% to $2.97 billion for the
period, while polished-diamond sales fell 11% to $55.3 million.
Image: Alrosa
|
|
|
|
|
|
|
|
|
|
Tags:
Alrosa, Rapaport News, rough demand, Rough-diamond sales, Yury Okoemov
|
|
|
|
|
|
|
|
|
|
|
|
|