INDIAN MARKET LIFTS ALROSA’S FEBRUARY DIAMOND SALES
Russian mining giant Alrosa has reported its diamond sales for February 2019. During the month, the company’s total sales of rough and polished diamonds totalled $345.6 million – up 19% compared to January 2019.
Rough diamonds sales in February totaled $340.6 million, while polished sales totaled $5 million. During January-February 2019, total rough and polished diamond sale amounted to $627 million – $618.8 in rough sales, and $8.3 million in polished sales.
Alrosa’s CEO, Sergey Ivanov, commented on the results: “We see Indian mid-streamers activity gradually recover, despite some challenges hampering access to bank financing for the industry in this country. This sentiment is particularly noticeable for small- and medium-sized rough diamonds. The company has moderately optimistic expectations of further smooth growth in demand and market activity”.