Alrosa attains diamond sales of US$ 4.3 billion in 2017
Alrosa Group has announced the rough and polished diamond sales results for December and interim results for 2017. The miner has sold US$ 237.8 million worth of rough and polished diamonds in December, 2017. Rough diamond sales by value amounted to US$ 228.3 million, polished diamond sales – US$ 9.5 million.
According to preliminary figures, Alrosa’s rough and polished diamond sales in 2017 amounted to US$ 4.267 billion. Rough diamonds were sold for US$ 4.17 billion, polished diamonds – for US$ 96.9 million.
Commenting on the results, Yury Okoemov, vice president, Alrosa said, “In 2017, rough diamond demand was fairly stable, market activity was in line with the seasonality and our expectations. The average price of rough diamonds sold by Alrosa was a little lower than a year ago, which is due to the changed sales assortment resulting from the increased demand for small-sized rough diamonds from Indian diamond cutting sector in the first half of 2017.”
“We expect that in 2018 the diamond market will be balanced due to a moderate growth in the global demand for diamond jewellery and no major change in the global diamond mining,” he concluded.