Mar 08, 2018

ALROSA’s Total Sales of Diamonds for February 2018 Reach US$ 541.9 Mn

ALROSA Group’s  total sales of diamonds – rough and polished – for the month of February 2018 stood at  US$ 541.9 million.

While the revenue  from  rough diamond sales touched  US$ 532.8 million; sales of polished diamond garnered  US$ 9.1 million.

For  January-February 2018, ALROSA’s rough and polished diamond sales amounted to US$ 1.046 billion. Of this, rough diamond  sales accounted  for US$ 1.032 billion; and  polished diamond  sales amounted to US$ 14.6 million.

“In February, the core diamond markets were quite strong,” commented ALROSA Deputy CEO Yury Okoemov. “The diamond cutting sector continues replenishing   stock. Demand for diamond products was also backed up by good jewellery sales in China on the eve of the Chinese New Year. Prices for diamonds in most size categories grew in January-February.”