ALROSA Sales Exceed $1.1B in Q1
Russian miner Alrosa records a strong performance, with total sales of rough and polished diamonds in March amounting to US$357 million, including proceeds from rough diamond sales of US$345 million and polished diamond sales of US$12 million.
For the first three months of 2021, total rough and polished diamond sales accounted for $1,159 million, including $1,126 million of rough diamond sales and $33 million of polished sales. Total sales during Q1 are reportedly higher than in the last two years. In 2020 the total amounted to US$904 million, and in 2019 the total was US$1 billion, indicating a positive start to the new year.
“Jewelry sales results at key markets, including USA and China, indicate a persistently high demand from end-consumers,” said Evgeny Agureev, Deputy CEO of ALROSA. “ALROSA retains its commitment to a prudent sales strategy, aimed at keeping the industry balance through supplying real demand. March sales were in line with our expectations. As we see the market today, polished diamond stocks in the global pipeline are at a comfortable level, while rough diamond stocks are approaching low levels.”