ALROSA’s Total Diamond Sales For 2017 Almost Touch US$ 4.3 billion

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ALROSA Group’s total diamond sales for December 2017 amounted to US$ 237.8 million. Of this revenue for rough diamonds amounted to US$ 228.3 million; while sales for polished diamond stood at US$ 9.5 million.

The Company also announced the Group’s preliminary figures for rough and polished diamond sales for the year 2017. ALROSA’a total revenue from diamond sales for the year amounted to US$ 4.267 billion. In 2017, rough diamond sales touched US$ 4.17 billion; and polished diamonds sales amounted to US$ 96.9 million.

“In 2017, rough diamond demand was fairly stable, market activity was in line with the seasonality and our expectations,” said ALROSA Vice President Yury Okoemov. “The average price of rough diamonds sold by ALROSA was a little lower than a year ago, which is due to the changed sales assortment resulting from the increased demand for small-sized rough diamonds from Indian diamond cutting sector in the first half of 2017. We expect that in 2018 the diamond market will be balanced due to a moderate growth in the global demand for diamond jewelry and no major change in the global diamond mining.”

News Source: gjepc.org

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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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