ALROSA Sells $390M Rough Diamonds in Feb., up 9% over Jan.

Mining and Exploration
09/03/2017 17:05

Russian diamond miner ALROSA's rough diamond sales in February 2017 amounted to US$389.8 million, an 8.8% increase over the $358.2 million sold in January. This brings Alrosa's rough sales for the first two months of 2017 to nearly $750 million, a slight drop from the estimated $780-800 million sold during the first two months of 2016.

Polished diamond sales in February amounted to US$12.1 million, a substantial 66% jump over the $7.3 million sold in January, likely spurred by its international diamond auction in Israel. ALROSA's total diamond sales for February 2017 amounted to US$401.9 million, representing a 7% increase compared to January.

“The results in February reflect stable demand in almost all rough diamond categories. Alongside with positive outcomes of the Hong Kong jewelry show in March, it gives us reasons to remain optimistic about demand behavior in all market segments,” says Yury Okoemov, ALROSA Vice President.