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ALROSA Sells $277.5M Rough In May, Brings Year Total To $2.26B

ALROSA announced it had sold $277.5 million in rough diamonds along with $10.5 million in polished in May. This brings the 2018 calendar year total to $2.26 billion in rough and $43.3 million in polished.

ALROSA Deputy General Director Guy Okoemov commented, ”We continue seeing good demand for almost all assortments of our diamonds. There was a planned decrease in sales in May compared to the same month last year due to the sale of inventories accumulated by the beginning of the year. Along with this was a seasonal decline in the current production, mostly driven by mining suspension at some alluvial deposits in the first months of the year.”

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