Alrosa Seeing Improved Rough Market, to Resume Tenders

(IDEX Online News) – Alrosa sold $318 million worth of rough and polished diamonds in January in what it called a "sustained growth" market. The improving trade environment has prompted the company to resume its tenders.

The Russian diamond miner said demand for rough improved in January compared to demand in the fourth quarter of last year.

Alrosa is therefore resuming its auctions, planning to hold one in March.

In the first quarter of 2012, Alrosa is planning to sell rough and polished diamonds in excess of $1.12 billion.