ALROSA's Q1 Production +6%, Rough Prices Fall - 3%

Finance and Trade
21/04/2015 10:05

ALROSA’s Q1 2015 diamond production totalled 8.4 million carats, up 6% y-o-y. Indicatively, they sold a total of 9.0 mil. carats, including 7.0 mil. carats of gem-quality diamonds at an average price of USD 161 per carat. Signifcantly, this represents a 3% decline in rough diamond prices, affected by a softer diamond market.

The Q1 2015 revenue from rough diamond sales is set to reach at least USD 1.1 billion.