ALROSA February Sales Declines by 14%

ALROSA’s February 2020 sales of rough and polished diamonds reached $346 million as compared to $405 million in January the same year.  The sales included rough diamond sales to third parties of $342.3 million, polished diamonds of $4.1 million.

“Our February sales were 14% down compared to January. In February, the uncertainty with the spread of COVID19 virus started to weigh on negatively on the demand and customers’ activity, the factor that will be impacting demand in the coming months. However, we continue to pursue “price-over-volume” strategy to keep prices stable rather than increasing sales volumes," commented Evgeny Agureev, Deputy CEO of ALROSA.