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De Beers and Alrosa Announce Their Sales for May

Both companies remain committed to to their price-over-volume strategy
De Beers Diamond Sourcing
Credit: De Beers

Alrosa‘s rough and polished sales in May showed signs of recovery, following a very weak April. 

 

According to IDEX Online, the Russian diamond miner sold a total of $40.1 million worth of diamonds in May, compared with $15.6 million in April. Before the pandemic hit, in January, Alrosa’s sales totaled $405 million.

 

Rough Diamonds
Credit: Alrosa

 

Alrosa remarked that it remains committed to its price-over-volume strategy: “We believe that our approach to avoid putting pressure on the market will accelerate recovery of the market of supply and demand balance,” said deputy CEO Evgeny Agureev in a statement.

 

207 carat diamond
Credit: ALROSA

 

De Beers has also reported its most recent results, showing sales of $35 million of rough diamonds at its May Sight. The equivalent sale last year, IDEX Online reports, brought in $416 million. Like Alrosa, De Beers has also adopted a price-over-volume policy.



Tags: Diamonds News, Diamond Industry News, Alrosa News, Diamond Prices News, De Beers News, Anglo American News

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