ALROSA sells rough and polished diamonds worth USD 559.5 million in March

| April 12th, 2018

ALROSA sells rough and polished diamonds worth USD 559.5 million in March
"ALROSA sells rough and polished diamonds worth USD 559.5 million in March"

Press release – ALROSA Group, the world leader in diamond production, announces diamond sales results for March and three months of 2018.

In this March, ALROSA Group sold USD 559.5 million worth of rough and polished diamonds. Rough diamond sales by value amounted to USD 550.3 million, polished diamond sales – USD 9.1 million.

ALROSA’s total diamond sales in the first quarter 2018 amounted to USD 1.606 billion. Rough diamonds were sold for USD 1,582 billion, polished diamonds – for USD 23.7 million.

In January-March, world markets saw higher demand for medium and large-size rough diamonds compared to the same period last year. There was a slight seasonal cooling off in demand in March. However, good results of special size diamond auctions (over 10.8 carats) ensured higher sales this month compared with February 2018. Whereas it should be noted that at the end of the first quarter rough diamond stock approached the technological minimum level,” commented on the sales results ALROSA Deputy CEO Yury Okoemov.

Source ALROSA

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