ALROSA’S DIAMOND SALES JUMP 9% IN THE FIRST NINE MONTHS OF 2018
Russian mining giant Alrosa has announced its diamond sales results for September and the first nine months of 2018. In September, Alrosa sold rough and polished diamonds to the tune of $338.7 million – a 9% rise year-on-year. Rough diamond sales by value amounted to $331.6 million, while polished diamond sales totaled $7.1 million.
In January-September 2018, rough and polished diamonds grew 9% year-on-year, totaling $3.662 billion. Rough diamond sales by value amounted to $3.588 billion, while polished diamonds sales totaled $74.1 million.
Alrosa Deputy CEO Yury Okoemov commented on the results: “September sales growth against last year numbers is due, partially, to the low base effect of the last year, as sales of +10.8 and +2 carat rough diamonds increased. At the same time, there is a further slowdown in buying activity of in inexpensive stones, traditional for the holiday season during Diwali celebration in India”.