Russian mining giant Alrosa has announced results of its rough and polished diamond sales for November and the last eleven months.
In November, Alrosa sold $334.2 million worth of rough and polished diamonds. By value, rough diamond sales totaled $325.8 million, while value of polished diamond sales amounted to $8.4 million. In January-November 2017, Alrosa’s rough and polished diamond sales amounted to $4.029 billion. Rough diamonds were sold for $3.942 billion, polished diamonds – for $87.4 million.
Alrosa Vice President Yury Okoemov commented: “Sales in November were consistent with our expectations. The core sales markets displayed strong demand for rough diamonds. The significant sales growth in monetary terms against last November (+36%) is due, in part, to the low base effect. As a result of the currency reform in India late last year, the demand for rough diamonds from small and middle-sized cutting and polishing companies in this country was temporarily reduced”.
