ALROSA’s Total Sales of Diamonds for February 2018 Reach US$ 541.9 Mn

ALROSA Increases Insurance Cover for the Group; Includes New Heads in the Policy

ALROSA Group’s total sales of diamonds – rough and polished – for the month of February 2018 stood at US$ 541.9 million.

While the revenue from rough diamond sales touched US$ 532.8 million; sales of polished diamond garnered US$ 9.1 million.

For January-February 2018, ALROSA’s rough and polished diamond sales amounted to US$ 1.046 billion. Of this, rough diamond sales accounted for US$ 1.032 billion; and polished diamond sales amounted to US$ 14.6 million.

“In February, the core diamond markets were quite strong,” commented ALROSA Deputy CEO Yury Okoemov. “The diamond cutting sector continues replenishing stock. Demand for diamond products was also backed up by good jewellery sales in China on the eve of the Chinese New Year. Prices for diamonds in most size categories grew in January-February.”

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