High-Value Rough Demand Boosts Alrosa Revenue

Alrosa’s sales climbed 14% to $294.9 million in August due to strong demand for higher-value rough diamonds, the miner reported.

“Despite [the] traditional August market slowdown, sales of both rough and polished diamonds were much higher than a year before,” Yury Okoemov, Alrosa’s deputy CEO for sales, said Monday. “Positive trends in diamond-jewelry sales observed since the beginning of the year [are contributing] to stable demand for almost the entire range of our products, especially for high-price rough diamonds.”

Rough-diamond sales increased 11% year on

Source: Rapaport. High-Value Rough Demand Boosts Alrosa Revenue