Alrosa’s diamond sales up 9% to US$ 339 million in September
Alrosa has reported that the sales of rough and polished diamonds increased by 9 per cent yoy to US$ 338.7 million in September, 2018.
As per the miner, rough diamond sales by value amounted to US$ 331.6 million, polished diamond sales – US$ 7.1 million.
Alrosa’s total diamond sales in January-September 2018 grew 9 per cent yoy and amounted to US$ 3.662 billion. During the nine months of 2018, rough diamonds were sold for US$ 3.588 billion, polished diamonds – for US$ 74.1 million.
“September sales growth against last year numbers is due, partially, to the low base effect of the last year, as sales of +10.8 and +2 carat rough diamonds increased. At the same time, there is a further slowdown in buying activity of in inexpensive stones, traditional for the holiday season during Diwali celebration in India,” commented on the sales results Alrosa deputy CEO Yury Okoemov.