Press release – ALROSA reports preliminary rough and polished sales results for January 2021.
LROSA sales of rough and polished diamonds in January totaled $430 million, including proceeds from rough diamond sales of $421 million, and polished diamond sales of $9 million.
“January sales demonstrate an improving demand for jewelry at key consumer markets – namely in China and the USA. Lack of excessive diamonds stocks at the mid-stream provided an additional support for rough diamonds’ demand, as cutters and polishers enjoyed an option to purchase diamonds based on their real requirements,” said Evgeny Agureev, Deputy CEO of ALROSA.
Monthly sales results are preliminary and may be updated. Possible discrepancies are due to rounding. Data on the diamond market is the Company’s estimate based on the information available at the time of publication. More detailed Information on sales results the company discloses on a quarterly basis in its Trading updates along with operational results. Official information on the company’s revenue is disclosed in its consolidated IFRS results for the corresponding periods. Preliminary dates of such publications are available in Investor calendar.
