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Alrosa Expects Demand to Revive by August
Alrosa believes rough-diamond demand could rebound by July or August, as the impact of the Covid-19 pandemic eases in some regions.“Today, we see diamond-jewelry sales bouncing back in China and other Asian markets, which is expected to drive diamond...
Mining Jun 07, 2020 Rapaport News
Alrosa Slashes Full-Year Sales Outlook
Alrosa has reduced its sales forecast for this year in light of sluggish rough demand in the second quarter.The company expects to sell between 32 million and 33 million carats of rough diamonds for 2019, compared to its...
Mining Aug 20, 2019 Rapaport News
Alrosa May sales
Alrosa’s Sales Slump in May
Sales at Alrosa fell 8% year on year to $266 million in Mayamid a continued slowdown in the Indian manufacturing sector, the Russian miner said Monday. Rough-diamond sales declined 6% to $261.1 million for themonth, while polished revenue plunged...
Mining Jun 10, 2019 Rapaport News
Weak Indian Demand Dents Alrosa Sales
Sales at Alrosa fell 21% year on year to $318.7 million inApril amid a continued slowdown in the Indian manufacturing sector. Rough-diamond sales dropped 20% to $315.8 million for themonth, while polished revenue plummeted 68% to $2.9...
Mining May 13, 2019 Rapaport News
January Slowdown Hits Alrosa Sales
Alrosa’s sales fell in January amid market weakness, the miner said Tuesday. Proceeds decreased 44% year on year to $281.5 million.Rough-diamond sales dropped by the same percentage to $278.2 million, while polished revenue slid38% to $3.4...
Mining Feb 12, 2019 Rapaport News
Alrosa rough
Indian Weakness Dents Alrosa Sales
Alrosa’s sales dropped 28% year on year to $242.8 million inOctober amid weaker demand for smaller rough stones and a slowdown in theIndian market. Indian demand fell due to the depreciation of the rupee andtighter bank...
Mining Nov 12, 2018 Rapaport News
Large Stones Boost Alrosa Sales
Alrosa’s sales climbed 9% year on year to $338.7 million inSeptember due to strong demand for large stones, the miner saidWednesday.Higher sales in the 2-carat-plus and 10.8-carat-plus categories boosted the overall result, Alrosa deputy CEO...
Mining Oct 10, 2018 Rapaport News
Alrosa 600
Steady Rough Market Boosts Alrosa Sales
Alrosa’s sales climbed 16% year on year to $339.1 million inJuly as rough demand remained strong despite the summer lull, the miner saidFriday. “Compared to last year, demand for rough diamonds remainsmore balanced — almost...
Mining Aug 12, 2018 Rapaport News
De Beers 030718 150
Alrosa Sales Surge on Strong China Demand
Alrosa’s sales soared 35% to $541.9 million in February,strengthened by significant demand ahead of the Chinese holiday season. “In February, the core diamond markets were quite strong,” Yury Okoemov, deputy CEO, said Wednesday. “The...
Mining Mar 07, 2018 Rapaport News
Neil Ventura 3
De Beers Names New Strategy Chief
De Beers has appointed Neil Ventura as vice president of strategy and innovation, following the departure of Gareth Mostyn in October. Ventura (pictured, left), who headed the miner’s rough auction business for the past decade,...
Mining Dec 07, 2017 Rapaport News
De Beers Sorting
De Beers Sees Sales Volume Rise
De Beers’ sales volume and production jumped in the thirdquarter as the market stabilized and due to the contribution of the recently launched Gahcho Kué mine in Canada.Rough-diamond sales grew 21% to 6.9 million carats in thethree months...
Mining Oct 25, 2017 Rapaport News
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