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Alrosa’s Sales Keep Growing in November as Demand Remains “Strong”

Alrosa’s sales were up more than a third when compared to November 2019
230 carat diamond Russian miner Alrosa
Credit: Alrosa

Russian mining giant Alrosa has published its sales of rough and polished diamonds for November, raking in $390.5 million – up more than a third when compared to November 2019, IDEX Online reports.

 

Underground diamond mining Russia
Credit: Alrosa

 

According to Alrosa’s press release, November’s rough diamond sales totaled $374.1 million while polished diamond sales totaled $16.4 million. For the first 11 months of 2020, January to November, Alrosa has sold a total of $2.28 billion worth of rough and polished diamonds.

 

Rough Diamonds
Credit: Alrosa

 

Evgeny Agureev, Deputy CEO of  Alrosa, commented on the results: “Demand for rough diamonds from our key clients in November remained strong enough as they bring their stocks to the normal levels amid the seasonal growth in demand for diamond jewellery in the USA and China. “High season” of Christmas and New Year sales traditionally supports the market towards the end of the year”.



Tags: Diamonds News, Diamond Industry News, Alrosa News

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