ALROSA Nets $298m in September Sales

Rough Market
11/10/2021 13:44

September sales of Russian miner ALROSA net 298 million USD, including proceeds from rough diamonds sales of $289 million and polished diamond sales of $9 million, resulting in a total of $3,274 million diamond sales during the first nine months of 2021.

According to Evgeny Agureev, Deputy CEO of ALROSA, preliminary estimates state consumer demand for diamond jewelry is at a record high. The US and China demonstrate double-digit growth versus 2019 and jewelry sales in Europe are also gaining momentum, which explains the strong demand in the mid-stream. ALROSA expects the positive trend to continue in 2022, he concluded.