Russian diamond mining giant Alrosa Group released its sales results for July, saying its rough and polished diamonds’ sales reached $293.5 million.
The company said rough diamond sales by value amounted to $286 million, while polished diamond sales came to $7.4 million.
According to the Diamond World website, Alrosa’s rough and polished diamond sales came to $2.79 billion in the period between January and July 2017. Rough diamonds’ sales amounted to $2.72 billion and polished diamonds’ sales came to $62.3 million.
“In July, there was a seasonal drop in demand on the market in the run up to August holidays,” Alrosa Vice President Yury Okoemov explained.
“A good demand for rough diamonds with an upward trend in prices was demonstrated in the first half of the year. The Company cut down the stock accumulated by the start of the year,” he said.
