27 May 2020
DiamondWorld Directory
Home |
ALROSA releases Q1 2019 operating results
ALROSA reports its Q1 2019 diamond production of 7.8 m carats and sales of 10.6 m carats grew 18%
By: Diamond World News Service
Apr 18 2019 9:26AM
Reference: 18153  


ALROSA, a global leader in diamond production, reports its Q1 2019 diamond production of 7.8 m carats and sales of 10.6 m carats grew 18% q-o-q (down 21% y-o-y). Total sales in value terms grew 19% q-o-q to $1 bn (down 37% y-o-y). 
  • Q1 diamond production grew 5% y-o-y to 7.8 m carats.
  • Q1 ore and gravel processing increased 11% y-o-y to 6.4 m tonnes.
  • Q1 average diamond grade was 1.23 carats per tonne (5% y-o-y) on the back of higher share of lower-grade ore processing.
  • Q1 rough diamond sales grew 18% q-o-q to 10.6 m carats, including 7.9 m carats of gem-quality diamonds (up 50% q-o-q) as cutters were restocking their supplies of small- and medium-size diamonds.
  • Diamond inventories as at the end of Q1 2019 went down by 16% q-o-q (up 16% y-o-y) to 14 m carats.
  • Average realised prices for gem-quality diamonds fell 19% q-o-q (20% y-o-y) to $123/carat due to a larger share of small-size diamonds in total sales and lower prices mostly for medium-size diamonds.
  • In Q1 2019, the diamond price index was down by 3.1% q-o-q.
  • Q1 sales increased 20% q-o-q to $988 m, but decreased 38% y-o-y.
Rough and polished diamond market overview
  • In Q1 2019, the diamond market performed weaker than usual for that part of the year due to lower jewellery sales during the Christmas season. All the key consumption markets for diamond jewellery saw mixed performance in Q1 2019.
  • India's cutting and polishing industry experienced temporary liquidity problems after local banks toughened loan security and repayment terms.
  • As dealers and retailers were restocking their supplies after the holiday season, demand for small- and medium-size rough diamonds was gradually reviving throughout Q1 2019.

Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
*  Name:
*  Mobile:
*  Email:
Subscribe for DiamondWorld weekly Newsletter
HouseAd_Trade Fair
Search News by City
Kosher 23460
HouseAd_Trade Fair
Recent Issue
Kosher 23460
News in Pictures
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 26304
GJEPC Chairman Interview
Views: 23641
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 30602
Promo for IJ Awards 2012 at NDTV Profit
Views: 44763
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 45821
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 18140
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 43481
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 41725
Member of:
Supporter of: