Alrosa Cut Rough Prices, Sees Diamond Market Improving

Finance and Trade
17/06/2015 08:03

In light of market conditions, Russian miner Alrosa has reduced the prices of its rough goods by 6% since the start of 2015, but it also predicts that the market will improve by the end of this year. The comments were made by recently appointed president Andrey Zharkov. He told Reuters that Alrosa cut rough diamond prices by 3% in February and by the same amount in May.
"I think we saw the same going on with De Beers' sight prices, according to the information we have," Zharkov told the news agency after speaking at the 2015 Presidents Meeting in Tel Aviv.