Russian mining giant Alrosa has announced its rough and polished diamond sale results for November 2016. Total diamond sales amounted to $255.2 million – 63% higher compared to the same period last year.
Rough diamond sales by the group totaled $245.6 million, and polished diamond sales amounted to $9.6 million in November.
According to Alrosa VP Yury Okoemov, “the market activity at year-end was affected by India’s currency reform in November. One of its effects was a temporary decline in the activity of India’s small and middle-size diamond cutting companies, which also affected the low-end small-size rough diamond segment. Activity in other market segments remains high.
