ALROSA's Rough Diamond Sales Up 8% in H1, Earn $384M in June

Rough Market
10/07/2018 12:36

In June 2018, Russian mining giant ALROSA Group sold $390.3 million worth of rough and polished diamonds. The miner's earnings from rough diamond accounted for $383.7 million of total sales, an 8% increase over the $354.4 million sold in June 2017. The company also sold $6.6 million worth of polished diamonds, four million less than in the same month last year. During the first half of 2018, ALROSA sold $2.639 billion worth of rough diamonds, also an 8% rise over the first half in 2017. The miner moved $49.9 million in polished diamonds in the first six month of the year, down $5 million from the first half of  2017. Total diamond sales in the first six months of 2018 amounted to $2.689 billion, compared to $2.497 billion a year ago.

“Demand for the whole diamond assortment remains stable allowing the company to obtain good sales results," said ALROSA Deputy CEO Yury Okoemov. "Sales in June were 35.5% higher against May this year, and 7% higher compared to June last year. Altogether, in the second quarter, there was almost no noticeable seasonal drop traditional for this period.”