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CEO Sees Indian Mid-stream Recovery As ALROSA Sells $341M Rough In Feb

ALROSA Chief Executive Sergey Ivanov

ALROSA announced that it had sold $340.6 million in rough diamonds in February, a 22.43 percent increase over the $278.2 million it had sold in January. Along with this, the company also sold $5 million in polished — a 47.06 percent increase over the $3.4 million it had sold the previous month.

"We see Indian mid-streamer activity gradually recover, despite some challenges hampering access to bank financing for the industry in this country. This sentiment is particularly noticeable for small- and medium-sized rough diamonds. The company has moderately optimistic expectations of further smooth growth in demand and market activity," said CEO Sergey Ivanov.

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