Alrosa rough sales of $1784mn
Alrosa
June sales of rough and polished
Diamonds
reached $222 million
Alrosa,
the world’s largest diamond miner, announces diamond sales results for June and
six months of 2019.
In
June, Alrosa Group sold $222.4 million worth of rough and polished diamonds.
Rough diamond sales by value amounted to $219.3 million, polished diamond sales
– $3.1 million.
Alrosa’s total rough and polished diamond sales in January-June
2019 amounted to $1,811 million. During the six months of 2019, rough diamonds
were sold for $1,784 million, polished diamonds – for $27.3 million.
“We
keep implementing our balanced sales strategy amid the backdrop of persisting
excess diamond stock both at the cutting and polishing (midstream) sector and
at retailers, as well as challenges related to financing of Indian midstream
business. The market is gradually entering the phase of seasonally low demand
for rough diamonds, which also weighs on the industry sales numbers.
We
expect Improving demand for rough diamonds by the end of the third quarter. We
also see stable jewelry demand from end consumers, which creates opportunity
for the recovery of overall demand for rough diamonds on the eve of Christmas
sales 2019-2020,” commented Evgeny Agureev, Director of the United Selling
Organization Alrosa, member of the Executive Committee.
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