ALROSA announced that it had sold $325.8 million in rough and $8.4 million in polished diamonds in November. The miner said it had sold a total of $3.94 billion in rough in the January-November period along with $87.4 million in polished.
"Sales in November were consistent with our expectations.The core sales markets displayed strong demand for rough diamonds. The significant sales growth in monetary terms (+36 percent) against last November is due, in part, to the low base effect. As a result of the currency reform in India late last year, the demand for rough diamonds from small and middle-sized cutting and polishing companies in this country was temporarily reduced," said ALROSA Vice President Yury Okoemov.