ALROSA Yields $325 Million In January Sales

Russian miner ALROSA announced its preliminary rough and polished sales results for January totaled $325 million. Rough diamond sales equaled $315 million and polished sales $10 million.

According to Evgeny Agureev, Deputy CEO of ALROSA, January saw continuing strong demand for diamonds from midstream companies seeking to stock up after a successful holiday season sales across all the key markets. At the same time, sales have been capped by current production levels, similar to the situation seen in the second half of 2021. He also added that amid limited diamond supply globally, ALROSA continues with its measures to quickly respond to market demand by accelerating pre-sale diamond processing