News Bureau

 
May 14, 2019

Alrosa’s April sales reached almost $319mn

Recently Alrosa, the world’s largest diamond miner, announces diamond sales for April and four months of 2019. April sales of rough and polished diamonds reached $318.7 million. Rough diamond sales amounted to $315.8 million, while those for polished diamonds stood at $2.9 million.

January–April 2019 rough and polished diamond sales totalled $1,322.9 million. During the four months of 2019, the Company sold rough and polished diamonds for $1,303.8 million and $19.2 million, respectively.

“In the first months of 2019, the global diamond market saw a somewhat weaker demand from cutters and polishers due to both diamond stock normalization as mid-streamers in India continue to experience difficulties with access to affordable financing, and inherent cyclicality of the market.

The Company maintains a moderately positive outlook for the foreseeable future, expecting the market situation to improve in the second half of the year,” noted Evgeny Agureev, Member of the Management Board-Director of the United Sales Organization at Alrosa.

Alrosa Group rough and polished diamond sales in January-April 2019

Products

January

February

March

April

Rough diamonds and grinding powders, $ mn

278.2

340.6

369.2

315.8

Polished diamonds, $ mn

3.4

5.0

8.0

2.9

Total rough and polished diamonds, $ mn

281.6

345.6

377.1

318.7