Alrosa November sales falls

Alrosa eleven months sales grew by 3.7% YoY

Alrosa, the world leader in diamond production, announces diamond sales results for November and eleven months of 2018. 

In November, Alrosa Group sold $274.0 million worth of rough and polished diamonds (-18% YoY). Rough diamond sales in terms of value amounted to $266.6 million, polished diamond sales –$7.4 million.

Alrosa’s total diamond sales in January-November 2018 grew 3.7% YoY and amounted to $4.2 billion. During the eleven months of 2018, rough diamonds were sold for $4.1 billion, polished diamonds – for $90.4 million. 

“Diamond sales in November were 13% higher by value and 25% higher by volume against October this year. This may be indicative of strengthening demand for low-cost small-sized rough diamonds, which has been declining over the past few months. 

However, it is too early to make final conclusions. We still see a lot of potential for the increase in demand for rough diamonds from the Indian diamond-cutting sector, which is still having trouble with access to credit,” commented on the sales results in November Alrosa Deputy CEO Yury Okoemov.