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.
Alrosa Results Climb in January
The Bottom Line
- Alrosa's total sales increased 38% year over year to $504.5 million in January.
- Rough diamond sales grew 39% to $499 million, while polished diamond revenue fell 24% to $5.5 million.
- Positive retail sales in 2017 and rising polished diamond prices in January supported demand across Alrosa's product range.
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