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”.
