ALROSA summarizes preliminary results of the forest reproduction launch

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ALROSA reports its rough and polished sales results for September and nine months of 2020.

Sales of rough and polished diamonds in September totaled $336.0 million, including proceeds from rough diamond sales of $328.2 million, and polished diamond sales of $7.8 million.

For nine months of 2020, total rough and polished diamond sales accounted for $1,580 million, including $1,508 million of rough diamond sales and $71.4 million of polished.

“Our September sales demonstrate a continuation of diamond demand recovery that started in August, as cutters and retailers gradually normalize their stocks’ levels. Our customers actively use our tools that we have significantly upgraded during the pandemic, such as ALROSA Video-Viewer remote viewings’ service, to select goods without traveling to Moscow. At the key end user markets in the USA and China, jewelry stores begin to regain customers, a trend well supported by a rapid development of online trade. It is, however, too early to talk about a steady demand recovery before seeing the jewelry sales’ results for the most important holiday season. This year we see it coming at the time of the aggravating epidemiological situation in a number of countries,” said Evgeny Agureev, Deputy CEO of ALROSA.

Disclaimer: This information has been collected through secondary research and TJM Media Pvt Ltd. is not responsible for any errors in the same.

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