06 Jul 2020
DiamondWorld Directory
Home |
News
Home
ALROSA minimizes sales of rough and polished diamonds in April
ALROSA, the world’s largest diamond miner by volume, reports its April 2020 diamond sales
By: Diamond World News Service
|
May 14 2020 12:15PM
|
Reference: 24924  

DecreaseIncrease

ALROSA minimizes sales of rough and polished diamonds in April
 
 
12 May 2020 – ALROSA, the world’s largest diamond miner by volume, reports its April 2020 diamond sales.
 
In April 2020, ALROSA Group virtually stopped selling rough and polished diamonds as governments across the globe were taking active steps to prevent the spread of the coronavirus while ALROSA remained committed to its price over volume strategy. 
 
In April 2020, ALROSA Group sold $15.6 million worth of rough and polished diamonds*. The revenue from rough diamond sales to third parties amounted to $13.1 million, and from polished diamond sales – to $2.4 million. 
 
ALROSA’s total rough and polished diamond sales in January–April 2020 amounted to $919.8 million. From January to April, rough diamonds were sold for $894.4 million, polished diamonds – for $25.4 million.
 
Evgeny Agureev, Deputy CEO of ALROSA:
“Restrictions imposed to fight the coronavirus and a decline in the demand for diamond jewellery have minimised the trade in rough and polished diamonds across the world. In response to the situation, we have offered to our clients an option to buy the amounts of rough diamonds scheduled for April on a later date. Our customers have welcomed this opportunity. In the current environment, market players have to address the overstocking issue in midstream and act in line with the actual condition of the cutting sector. This is the tactics we adhere to. 
 
Nevertheless, one should bear in mind that the challenges and restrictions faced by the market and affecting both operations and demand are of a temporary nature. We deal with a rare and limited natural resource, and consumers attach a high emotional value to natural diamonds. Like many other market players, we expect to see an upward trend in demand for diamonds as early as in the beginning of Q3.”

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
 
*  Name:
 
*  Mobile:
 
*  Email:
 
 
Subscribe for DiamondWorld weekly Newsletter
 
Advertisement
HouseAd_Trade Fair
Search News by City
Advertisement
Kosher 23460
Advertisement
HouseAd_Trade Fair
Recent Issue
2020
AVAILABLE NOW...!
Advertisement
Kosher 23460
News in Pictures
Videos
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: 26657
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 308
GJEPC Chairman Interview
Views: 23861
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 30872
Promo for IJ Awards 2012 at NDTV Profit
Views: 45121
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 57365
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 18254
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 43727
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 41988
Advertisement
GIA_2020
Advertisement
Kosher 250300
Member of:
Supporter of: