A 6% sales growth in 2018 at Alrosa
December
sales of rough and
Polished
up by 38% YoY
Alrosa,
the world leader in diamond production, announces rough and polished diamond
sales results for December and preliminary results for 2018.
Alrosa
December sales of rough and polished diamonds increased by 38% YoY to $328.7.
Rough diamond sales reached $323.7 million, polished diamond sales were $5
million. Alrosa’s total diamond sales in 2018 grew 6% YoY to $4.507 billion.
Rough diamonds sales grew to $4.412 billion, polished diamonds sales stood at
$95.3 million.
“A
6% sales growth in 2018 was driven by both high demand for rough diamonds and
positive price dynamics in the first half of the year, market demand was strong
in all rough diamond categories, and traditional slowdown in demand in the
second quarter due to seasonality was not registered this year.
In
the second half of the year, buying activity in the low-priced product segment
significantly deteriorated due to weakening of the global market situation and
both seasonality and destocking at a number of Indian midstream companies.
At
the same time, the company was actively engaged in optimizing its stocks, which
made it possible to increase sales in physical terms, despite a decline in production
in 2018 by 8% to 36.6 million carats,” - Evgeny Agureev, Member of the
Management Board, Director of the United Sales Organization at Alrosa, said.
“In
December, sales in value terms increased by 20% compared to November 2018 due
to a flexible pricing policy against the background of seasonal renewed demand
and replenishment of stocks by the companies in the cutting sector, which took
advantage of the pricing environment. Despite the cooling of the market in the
second half of 2018, we expect that the final customers demand will remain at
least stable,” he added.
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