ALROSA Nets $365m in May Sales

Rough Market
10/06/2021 11:47

May sales of Russian miner ALROSA net 365 million USD, including proceeds from rough diamond sales of $346 million and polished diamond sales of $19 million, resulting in a total of $1,926 million diamond sales during the first five months of 2021. 

According to Evgeny Agureev, Deputy CEO of ALROSA, these results demonstrate strong demand coming from Indian midstream, despite the epidemiological situation. He also states end-demand for diamond jewelry remains robust in all key regions, adding that for the first four months of the year jewelry sales exceeded pre-COVID levels of 2019 by 30% in USA, and by 10% in China.