ALROSA’s Rough Diamond Sales Improve to $327M in October

Rough Market
09/11/2017 15:56

Russian diamond-mining giant ALROSA's rough diamond sales figures in October totaled $326.7 million, which represents a $20 million increase over September but still lags far behind the $430.8 million sold in October 2016. Including polished diamond sales, good for $10.9 million in October, overall revenue for the month was $337.6 million. The miners polished diamond sales, only $3.9 million last month, got a boost from an international auction for the sale of special size rough diamonds (+10.8 carats) in the Eurasian Diamond Centre in Vladivostok, which earned $9 million. 

For the first ten months of the year (Jan. – Oct.), ALROSA’s rough and polished diamond sales amounted to $3.695 billion. The company has sold $3.616 billion in rough diamonds, and $79.0 million in polished diamonds. Their $3.70 billion in sales for the first ten months of 2017 is a 14% decline from the 4.31 the miner sold in the first nine months of 2016, as the market trended towards lower priced goods. Commenting on their October sales, ALROSA Vice President Yury Okoemov said, “Trade in October was more active than a month before – the company’s sales grew compared to September, being stimulated by additional growth in demand for small-size rough diamonds at the end of the month. At the same time, sales in October last year were higher in monetary terms due to the sale of a larger volume of products from inventories."