ALROSA January sales of rough and polished diamonds reached $281.5 million


Press release – ALROSA, the world’s largest diamond miner, announces diamond sales results for January 2019.

In January, ALROSA Group sold $281.5 million worth of rough and polished diamonds (-44% YoY).Rough diamond sales amounted to $278.2 million, polished diamond sales -$3.4 million.

In January, market activity was lower than usual.After active restocking at the midstream in December 2018 (our December sales were up 20% qoq and up 46% yoy), our January sales came lower.At the same time combined sales in December 2018 and January 2019 reached three years average number of $601.9 million. Sales in the diamond market are always cyclical, and apparently, we are seeing the expected correction after the peak values in previous periods,” Yury Okoemov, ALROSA Deputy CEO, noted.