Alrosa’s diamond sales increase to US$ 345.6M in February
Alosa has reported its diamond sales for February 2019. In February, the total sales of rough and polished diamonds increased to US$ 345.6 million, up 19 per cent compared to January 2019 (up US$ 64.1 million).
Rough diamonds sales in February increased to US$ 340.6 million (compared to US$ 278.2 million in January 2019), while polished diamond sales grew to US$ 5 million (compared to US$ 3.4 million a month ago).
“We see Indian mid-streamers activities gradually recover, despite some challenges hampering access to bank financing for the industry in this country. This sentiment is particularly noticeable for small and medium sized rough diamonds. The company has moderately optimistic expectations of further smooth growth in demand and market activity,” said Sergey Ivanov, CEO, Alrosa.
Alrosa’s total rough and polished diamond sales in January-February 2019 amounted to US$ 627 million. The value of rough diamonds sold was US$ 618.8 million for two months, that of polished diamonds – US$ 8.3 million.