ALROSA PUBLISHES SALES, MAINTAINING “MODERATELY POSITIVE OUTLOOK”
Russian mining giant Alrosa has announced its diamond sales for April and the first four months of 2019. In April, Alrosa’s sales of rough and polished diamonds reached $318.7 million – rough diamond sales amounted to $315.8 million, while sales for polished diamonds totaled $2.9 million.
In January-April 2019, rough and polished diamond sales totaled $1.322 billion. Sales of rough amounted to $1.3 billion, while polished sales totaled $19.2 million.
Evgeny Agureev, Director of the United Sales Organization at Alrosa, commented that “in the first months of 2019, the global diamond market saw a somewhat weaker demand from cutters and polishers due to both diamond stock normalization as mid-streamers in India continue to experience difficulties with access to affordable financing, and inherent cyclicality of the market”. He added that Alrosa “maintains a moderately positive outlook for the foreseeable future, expecting the market situation to improve in the second half of the year”.