Rapaport News



Rapaport Broadcast
Martin Rapaport’s Webinar on Estate Jewelry
October 30 2019

Advanced search
Latest Articles
Rough Markets
Polished Markets

Steady Rough Market Boosts Alrosa Sales

July revenue up 16% due to less-pronounced summer slowdown than a year ago.
Aug 12, 2018 6:03 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... Alrosa’s sales climbed 16% year on year to $339.1 million in July as rough demand remained strong despite the summer lull, the miner said Friday.

“Compared to last year, demand for rough diamonds remains more balanced — almost all diamond categories benefit from continued demand in key markets globally,” said Alrosa deputy CEO Yury Okoemov. “In July, there was a minor seasonal softening on the market in the run-up to [the] August holidays, but [it was] not as intensive as last year.”

Rough-diamond sales jumped 17% year on year to $333.8 million for the month, according to Rapaport calculations, while polished revenue dropped 28% to $5.3 million.

In the first seven months of the year, sales increased 9% to $3.03 billion. Revenue from rough stones climbed 9% to $2.97 billion for the period, while polished-diamond sales fell 11% to $55.3 million.

Image: Alrosa
Tags: Alrosa, Rapaport News, rough demand, Rough-diamond sales, Yury Okoemov
Similar Articles
AlrosaAlrosa Profit Drops in Third Quarter
Nov 10, 2019
Weak rough-diamond demand led to a decline in profit at Alrosa in the third...
Mountain Province Slides to Net Loss
Gem Diamonds Lowers Full-Year Outlook
Angola Diamond Sales Rise
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