Alrosa’s Diamond Sales Grew 9.5 Times

The Russian diamond mining company ‘Alrosa’ sold diamonds worth $346 million in May 2021 and polished diamonds (brilliants) worth $19 million, TASS reports. Thus, in comparison with May last year, the company increased diamond sales by 9.5 times, and polished diamonds by almost 5 times.  

Picture: gold.1prime

It is noted that Alrosa is one of the three largest diamond mining companies in the world, its share in the world production volume is 25 per cent. In Russia, the company conducts production in the Republic of Sakha (Yakutia) and the Arkhangelsk region. It is specified that in total, since the beginning of 2021, diamond products worth $1.926 billion have been sold against $960 million a year earlier.

“The sales in May indicate strong demand for rough diamonds from the Indian cutting sector. Despite the epidemiological situation in April and early May, which has shown a steady improvement since then, cutters have fully adapted to the situation and are consistently processing all volumes available to them. On the end-use side, high demand for jewelry remains in all key markets. In the United States, in the first four months of this year, it exceeded the pre-pandemic levels of 2019 by 30 per cent, in China, by 10 per cent,” the Deputy General Director of Alrosa, Yevgeny Agureyev, said.

Ru-Main, 10.06.2021 

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