Alrosa Sales Reach Six-Month High

By Rapaport News / December 10, 2019 / www.diamonds.net / Article Link

RAPAPORT... Alrosa's sales rose 5% year on year to $287.8 million inNovember, as the manufacturing sector began to rebound, the Russianminer said Tuesday. The monthly sales are the highest the company has reportedsince April, and the fourth highest of the year.  "November sales growth [is] evidence that [the] midstreamsector, specifically in India, is on track to restore its balance," said Alrosadeputy CEO Evgeny Agureev. "Somewhat more active purchasing activity atend consumers in key regions also provides support to our sales volumes." Rough-diamond sales increased 6% to $282.1 million for themonth, while polished revenue fell 22% to $5.8 million. Alrosa's sales dropped 29% to $2.97 billion in the first 11months of the year. Revenue from rough stones also decreased 29% to $2.92billion for the period, while polished-diamond sales slid 41% to $53 million. Image: Rough diamonds. (Alrosa)

Recent News

Investment banks ahead of the gold price, institutions still behind

April 21, 2025 / www.canadianminingreport.com

Gold stocks up, juniors outperform on small cap strength

April 21, 2025 / www.canadianminingreport.com

Gold stocks rebound to new highs

April 14, 2025 / www.canadianminingreport.com

US$ and bonds not the safe havens normally expected

April 14, 2025 / www.canadianminingreport.com

Crash driven by tech and highly cyclical sectors

April 07, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok