ALROSA November Sales of Rough & Polished Diamonds Reached $274.0 Million

ALROSA, the world leader in diamond production, announces diamond sales results for November and eleven months of 2018.

In November, ALROSA Group sold $274.0 million worth of rough and polished diamonds (-18 per cent Y-O-Y). Rough diamond sales in terms of value amounted to $266.6 million, polished diamond sales -$7.4 million.

ALROSA's total diamond sales in January-November 2018 grew 3.7 per cent Y-O-Y and amounted to $4.2 billion. During the eleven months of 2018, rough diamonds were sold for $4.1 billion, polished diamonds - for $90.4 million.

"Diamond sales in November were 13 per cent higher by value and 25 per cent higher by volume against October this year. This may be indicative of strengthening demand for low-cost small-sized rough diamonds, which has been declining over the past few months. However, it is too early to make final conclusions. We still see a lot of potential for the increase in demand for rough diamonds from the Indian diamond-cutting sector, which is still having trouble with access to credit," commented on the sales results in November ALROSA Deputy CEO Yury Okoemov.