Alrosa continues to see weak diamond demand

By Staff Writer / May 14, 2019 / www.idexonline.com / Article Link

Alrosa's sales of rough and polished diamonds reached $318.7 million in April. Rough diamond sales amounted to $315.8 million, while those for polished diamonds stood at $2.9 million.

In the months January-April 2019, total sales came to $1,322.9 million (rough - $1,303 million; polished - $19.2 million).

Evgeny Agureev, Director of Alrosa's United Sales Organization, went out of his way to put a positive spin on the company's continuing downward sales trend.

"In the first months of 2019, the global diamond market saw a somewhat weaker demand from cutters and polishers due to both diamond stock normalization as mid-streamers in India continue to experience difficulties with access to affordable financing, and inherent cyclicality of the market. The company maintains a moderately positive outlook for the foreseeable future, expecting the market situation to improve in the second half of the year," he stated. 

Recent News

Bullish bankers and bearish institutions split on gold forecasts

July 01, 2024 / www.canadianminingreport.com

Gold stocks down on flat metal price and mixed equities

July 01, 2024 / www.canadianminingreport.com

Snowline Gold reports Initial Resource Estimate

June 24, 2024 / www.canadianminingreport.com

Inflation subsiding and rate cuts starting internationally

June 24, 2024 / www.canadianminingreport.com

Inflation rebound continues to reverse

June 17, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok