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ALROSA Sells $1.58B In Rough Over First Three Months Of 2018

ALROSA announced that it had sold $550.3 million in rough diamonds in March. Rough sales for the first three months of 2018 now stand at $1.58 billion.

The miner said it also sold $9.1 million in polished in March and a total of $23.7 million from January to March.

ALROSA Deputy CEO Yury Okoemov observed that global markets saw higher demand for medium and large-size rough diamonds during the January-March period this year when compared to the same period last year. He added that while there was a slight seasonal cooling off in demand during March, auctions of special-size (over 1.08 carats) goods ensured sales were higher than February.

Okoemov also noted that ALROSA’s rough diamond stocks had dropped to their minimum technically feasible levels at the end of the first quarter.

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