In a Press Release dated July 10, 2017, ALROSA Group, the World’s leading producer of diamonds, has announced the results of their diamond sales for the month of June, as well as the results of total sales for the first-half of year 2017.
According to the release, ALROSA Group had sold US$ 365 million worth of rough and polished diamonds during the month of June, 2017, which consisted of rough diamond sales of US$ 354.4 million and polished diamond sales of US$ 10.6 million.
Cumulative sales for January – June 2017, six-months period totaled US$ 2.497 billion, out of which US$ 2.442 billon constituted total rough diamond sales and US$ 54.9 million represented total polished diamond sales.
Commenting on the significant diamond sales achieved during this period, ALROSA Vice President Yury Okoemov, said, “In the first half of 2017, the Company cut down finished stock due to positive rough diamond market trends. The stock structure as at the start of the year, predominantly small-size, rather inexpensive goods, had a significant impact on the sales structure. We consider the existing rough diamond market environment to be stable, though we saw a seasonal slowdown by the end of June.”