ALROSA of Russia, a global, leading diamond producer, reported it has sold $345.6 million worth of rough and polished diamonds in February. The sales amount represents an increase of 23 percent compared to January 2019.
ALROSA's rough diamond sales increased to $340.6 million, compared to $278.2 million in January 2019, while polished diamond sales grew to $5 million, compared to $3.4 million a month ago.
"We see Indian mid-streamers activity gradually recover, despite some challenges hampering access to bank financing for the industry in this country. This sentiment is particularly noticeable for small- and medium-sized rough diamonds. The company has moderately optimistic expectations of further smooth growth in demand and market activity," said Sergey Ivanov, the company's CEO.
ALROSA's total rough and polished diamond sales in January-February 2019 amounted to $627 million. The value of rough diamonds sold was $618.8 million for the two months, that of polished diamonds- $8.3 million.