News

Advanced Search

Steady Rough Market Boosts Alrosa Sales

Aug 12, 2018 6:03 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share


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
Similar Articles
De BeersDebswana Mourns Death of Albert Milton
Aug 18, 2019
Albert Milton, managing director of De Beers’ Botswana joint venture, has died, the company said Friday.
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2019 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
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.