Alrosa Sees Stabilizing Diamond Demand with Decent Close to 2019

By IDEX Online Staff Reporter / January 13, 2020 / www.idexonline.com / Article Link

(IDEX Online) - Alrosa has announced that for December 2019, it sold $363.8 million worth of rough and polished diamonds (+11% year-over-year). Rough diamond sales by value amounted to $352.1 million, with polished diamond sales totaling $11.6 million.

The company's total rough and polished diamond sales for 2019 amounted to $3.338 billion. During the year, Alrosa's total rough diamonds sales reached $3.273 billion while polished diamond sales totaled $64.7 million.

"In December, we observed signs of stabilizing diamond demand that had emerged earlier in the second half of the year amid the gradual restoration of market balance. This was largely supported by a flexible sales strategy of mining companies," said Alrosa deputy CEO Evgeny Agureev. 

Rough diamonds + grinding powders, $ mln*

Polished diamonds, 

$ mln**

Total rough + polished diamonds, $ mln

January

278.2

3.4

281.6

February

340.6

5.0

345.6

March

369.2

8.0

377.1

April

315.8

2.9

318.7

May

261.1

5.0

266.0

June

219.3

3.1

222.4

July

164.6

5.9

170.5

August

180.2

1.5

181.8

September

256.5

2.2

258.7

October

253.9

10.4

264.4

November

282.1

5.8

287.8

December

352.1

11.6

363.8

Total

3,273.5

64.7

3,338.1

*Including rough diamonds sales to Kristall Production Corporation

** Excluding sales of polished diamonds produced by Kristall Production Corporation

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