Alrosa sale tumbles in January 2019
Alrosa
January sales lowers by -44% YoY yet,
December-January sale maintains 3 years
average!
Alrosa,
the world’s largest diamond miner, announces diamond sales results for January
2019. According to the result, in January, Alrosa Group sold $281.5 million
worth of rough and polished diamonds is about -44% YoY. Rough diamond sales
amounted to $278.2 million, polished diamond sales –$3.4 million.
“In
January, market activity was lower than usual. After active restocking at the
midstream in December 2018 (our December sales were up 20% QoQ and up 46% YoY),
our January sales came lower. At the same time combined sales in December 2018
and January 2019 reached three years average number of $601.9 million.
Sales
in the diamond market are always cyclical and apparently, we are seeing the
expected correction after the peak values in previous periods,” Yury Okoemov,
Alrosa Deputy CEO, noted.
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