Alrosa Sales Reach Six-Month High

RAPAPORT… Alrosa’s sales rose 5% year on year to $287.8 million in
November, as the manufacturing sector began to rebound, the Russian
miner said Tuesday.



The monthly sales are the highest the company has reported
since April, and the fourth highest of the year. 


“November sales growth [is] evidence that [the] midstream
sector, specifically in India, is on track to restore its balance,” said Alrosa
deputy CEO Evgeny Agureev. “Somewhat more active purchasing activity at
end consumers in key regions also provides support to our sales volumes.”


Rough-diamond sales increased 6% to $282.1 million for the
month, while polished revenue fell 22% to $5.8 million.


Alrosa’s sales dropped 29% to $2.97 billion in the first 11
months of the year. Revenue from rough stones also decreased 29% to $2.92
billion for the period, while polished-diamond sales slid 41% to $53 million.


Image: Rough diamonds. (Alrosa)