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Good China Sales, Restocking Help ALROSA Sell $1B Rough In Jan-Feb

ALROSA announced it had sold $1.03 billion in rough diamonds over January and February this year. The miner said it also sold $14.6 million in polished diamonds during the period. Sales of rough diamonds in February stood last $532.8 million, while $9.1 million in polished was also sold during the month.

ALROSA Deputy CEO Yury Okoemov observed, ”In February, the core diamond markets were quite strong as the diamond cutting sector continues replenishing stock. Demand for diamonds was also backed by good jewellery sales in China on the eve of the Chinese New Year. Prices for diamonds in most size categories grew in January-February.”

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