Alrosa Sees Stabilizing Diamond Demand with Decent Close to 2019
January 13, 20
(IDEX Online) - Alrosa has announced that for December 2019, it sold $363.8 million worth of rough and polished diamonds (+11% year-over-year). Rough diamond sales by value amounted to $352.1 million, with polished diamond sales totaling $11.6 million. The company's total rough and polished diamond sales for 2019 amounted to $3.338 billion. During the year, Alrosa's total rough diamonds sales reached $3.273 billion while polished diamond sales totaled $64.7 million. "In December, we observed signs of stabilizing diamond demand that had emerged earlier in the second half of the year amid the gradual restoration of market balance. This was largely supported by a flexible sales strategy of mining companies," said Alrosa deputy CEO Evgeny Agureev. *Including rough diamonds sales to Kristall Production Corporation ** Excluding sales of polished diamonds produced by Kristall Production Corporation