Alrosa’s Sales Total $306 million in August 2021
In August, Alrosa’s sales of rough and polished diamonds totaled $306 million, including rough diamond sales of $297 million and polished sales of $10 million. In July, Alrosa’s sales of rough and polished diamonds totaled $334 million.
For the eight months of 2021, total rough diamond and polished sales totaled $2.976 billion, including $2.84 billion of rough sales and $131 million of polished.
Evgeny Agureev, Deputy CEO of Alrosa, said: “This year demand for rough diamonds remained strong despite the traditional summer slowdown at cutters and polishers. Our total sales in carats were lower due to a lack of rough inventories available for sale. This shortage was partially offset by the sale of diamonds purchased for long-term customers at a Gokhran auction in July. Going forward, we expect our supply of rough diamonds to stabilise as production recovers, enabling us to benefit from favourable market conditions. At the same time, the robust demand from end consumers combined with the persistent shortage of rough diamonds will support a positive price dynamics.”
In other Alrosa news, IDEX Online reports that the Russian miner bought more diamonds last week from Gokhran, the Russian state repository of precious gems and metals, “as it sought to replenish its dwindling inventory.”