Strong Indian Rough Demand Lifts Alrosa Sales In May
Alrosa said steady Indian midstream demand in May had resulted in sales of rough and polished diamonds totaling $365 million, down 9% compared with April, but significantly higher than the $40.1 million recorded last year.
The May sales total consisted of rough diamond sales of $346 million, and polished diamond sales of $19 million. From January to May 2021, total rough and polished diamond sales accounted for $1.926 billion, including $1.855 billion of rough diamond sales and $71 million of polished.
Evgeny Agureev, Deputy CEO of Alrosa, said, “Our May sales results demonstrate strong demand coming from Indian midstream. Despite the epidemiological situation in April and early May, which demonstrates substantial improvement since then, cutters and polishers fully (adapted) and are able to process all available volumes of rough diamonds. End-demand for diamond jewellery remains robust in all key regions. For the first four months of the year jewellery sales exceeded pre-Covid levels of 2019 by 30% in the USA, and by 10% in China.”
In a separate statement, Alrosa informed that it had facilitated the delivery of 25,000 doses of vaccine from Russia to Harare, the capital of Zimbabwe, with another 25,000 doses scheduled to arrive within a month.