ALROSA’s rough diamond sales in April at $310.2 million

Rough diamond sales in January-April down by 12.5% in value terms
ALROSA’s rough diamond sales in April at $310.2 million

ALROSA announced its rough and polished diamond sale results for April and the first four months of 2017. Rough diamond sales in April 2017 amounted to $310.2 million, while polished diamond sales valued $7.6 million.

At the end of the four months between January–April 2017, ALROSA sold 16.9 million carats of rough and polished diamonds, resulting in a 7 percent increase on y-o-y basis. In terms of value, ALROSA Group rough diamond sales in this period amounted to USD 1.7 billion, or 12.5 percent lower than that of the corresponding period last year.

"The decline in sales in value terms compared to the same period last year is primarily caused by a high base of the first months of 2016, when the market started to recover from a challenging 2015 and a lot of expensive diamonds were sold from previously accumulated stocks. The sales assortment structure has changed dramatically–in the first four months of 2017 the share of small-size, inexpensive rough diamonds was significantly higher than early in 2016. In general, this period can be described as a period of active restocking in the midstream against emerging recovery of growth in Chinese jewelry retail sales,” said Yury Okoemov, ALROSA Vice President.


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