RapNet


Rapaport News

 

Mining

 

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

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
Print Print Facebook Facebook Twitter Twitter Share Share


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
Similar Articles
AlrosaAlrosa Finds Diamond Inside a Diamond
Oct 06, 2019
Alrosa has recovered an unusual piece of rough featuring one diamond...
Lesotho Renews Letšeng Lease
US Bans Import of Zimbabwe Diamonds
India’s Polished Trade Declines
Mining for information
Oct 03, 2019
Academics have long been working to uncover the earth’s mysteries...
De Beers Hires New Auctions Exec
Karowe Yields Rare Blue and Pink Diamonds
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us