Alrosa diamond gross sales surge 71.7% to £2.95bn

Alrosa has reported its complete tough and polished diamonds gross sales elevated by 71.7% within the first 11 months of 2021, as much as $3.91bn (£2.95bn) from $2.28bn (£1.72bn) in 2020.

This complete contains $3.73bn (£2.81bn) of tough diamond gross sales and $179m (£134.95m) of polished diamond gross sales.

In the meantime, the corporate’s tough and polished diamonds gross sales in November 2021 totalled $334m (£251.82m) in November 2021, rising 8% from October 2021 revenues of $308m (£232.45m).

The overall contains proceeds from tough diamond gross sales of $310m (£233.72m) which is a 17% fall year-on-year, and polished diamond gross sales of $24m (£18m), which surged 46%.

Evgeny Agureev, deputy CEO of Alrosa, mentioned: “Finish demand for diamond jewelry in the important thing markets retains rising at a double-digit fee in This autumn, pushed by the unleashing of pent-up spending and better confidence among the many foremost shopper teams.

“Market members see stable demand for bridal jewelry and count on this development to proceed in 2022. Midstream inventories are at present at low ranges as a result of restricted availability of tough equipped by mining firms and constantly sturdy shopper demand.”

Written by colin

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