ALROSA Group, the world leader in diamond production, announces diamond sales results for November and eleven months of 2017.
In November 2017, ALROSA Group sold USD 334.2 million worth of rough and polished diamonds. Rough diamond sales by value amounted to USD 325.8 million, polished diamond sales – USD 8.4 million.
In January–November 2017, ALROSA’s rough and polished diamond sales amounted to USD 4.029 billion. Rough diamonds were sold for USD 3.942 billion, polished diamonds – for USD 87.4 million.
“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 against last November (+36%) 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,” ALROSA Vice President Yury Okoemov commented on the sales in November.