ALROSA announced that it had sold $338.7 million in rough diamonds over September this year, bringing the nine-month January-September total to $3.59 billion. The company also sold $7.1 million in polished last September, aggregating $74.1 million in polished diamond sales in the nine-month period to September.
ALROSA said that its aggregate sales of rough and polished for the nine-month period had grown 9 percent in a year-on-year comparison with the same period last year.
"September sales growth against last year’s numbers is due partially to the low base effect of the last year, as sales of +10.8 and +2 carat rough diamonds increased. At the same time, there is a further slowdown in buying activity of inexpensive stones, traditional for the holiday season during the Diwali celebration in India," commented ALROSA Deputy CEO Yury Okoemov.