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Alrosa Results Climb in January

First sale of 2018 shows growth of 38% over last year.
Feb 13, 2018 7:17 AM   By Rapaport News
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RAPAPORT... Alrosa’s sales surged 38% to $504.5 million in January, as a strong holiday season boosted market sentiment.

“We have seen good demand for the whole assortment of our diamond products,” Yury Okoemov, deputy CEO of Alrosa, said Monday. “[Demand was] supported by positive trends in the major sales markets, backed by good retail sales results in 2017, including the Christmas season, and growing polished-diamond prices in January.”

Rough sales jumped 39% year on year to $499 million for the month, while polished revenue dropped 24% to $5.5 million.
Tags: Alrosa, miner, polished, Rapaport News, rough, Russia, Yury Okoemov
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