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ALROSA Jan Rough Sales Dip To $278.2M

ALROSA announced it had sold $278.2 million worth of rough diamonds along with $3.4 million in polished in January this year.

Company Deputy CEO Yury Okoemov commented, ”In January, market activity was lower than usual. After active restocking by the midstream in December 2018 (December sales were up 20 percent in a quarter-on-quarter comparison and up 46 percent year on year), January sales came lower. Sales in the diamond market are always cyclical, and apparently, we are seeing the expected correction after the peak values in previous periods.”

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