RAPAPORT… Alrosa’s sales climbed 7% to $390.3 million in June amid robust
demand for rough diamonds, the miner said Tuesday.
“In the second quarter, there was almost no
noticeable seasonal drop traditional for this period,” said deputy CEO Yury
Okoemov.
Rough-diamond sales increased 8% year on year to $383.7
million for the month, while polished revenue dropped 38% to $6.6 million.
Alrosa raised prices of higher-value rough at its June contract sale, dealers reported. Demand was also strong at De Beers’ June sight, where prices were mainly stable, with increases in certain larger categories.
Alrosa’s sales grew 8% to $2.69 billion in the first six
months of the year. Revenue from rough stones advanced 8% to $2.64 billion for
the period, while polished-diamond sales fell 9%.
Alrosa Revenue Rises in Strong Rough Market
The Bottom Line
- Alrosa's rough diamond sales increased 8% year-over-year in June to $383.7 million, with prices rising for higher-value stones.
- Polished diamond revenue declined 38% in June to $6.6 million, continuing a downward trend in polished sales.
- For the first half of the year, Alrosa's total sales grew 8% to $2.69 billion, led by an 8% rise in rough diamond revenue to $2.64 billion.
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