Alrosa Prices Up 5% in Q1

(IDEX Online News) – Rough diamond revenue, volume and price increased in the first quarter Alrosa reported. Alrosa sold 6.1 million carats of gem quality rough at an average $183.9 per carat, a 5 percent increase in price.

The Russian diamond giant's supply to the market was slightly up year-over-year. Compared to the fourth quarter of 2011, sales volume increased 60.5 percent.

Revenue from rough diamond sales increased 27 percent to $1.05 billion (34.5 billion rubbles).

Gem-quality diamonds accounted for 64 percent of total sales volumes in carats and 98 percent in value.

Alrosa credited the results to strong performance on the back of stable production.