Alrosa FY21 diamond gross sales spike 50% to £3bn

Alrosa has reported its gross sales of tough and polished diamonds for FY21 reached $4.16bn (£3.03bn), up by 50% in comparison with 2020 ranges and up 21% from 2019.

The full consists of proceeds from tough diamond gross sales of $3.97bn (£2.89bn), and polished diamond gross sales of $192m (£139.87m).

In the meantime, the group’s December gross sales accounted for $254m (£185m), together with $241m (£175.56m) of tough diamond gross sales and $12m (£8.74m) of polished diamond gross sales.

The surge in gross sales is reportedly pushed by “recovering” demand for diamond jewelry within the “key” client markets, together with North America and Asia. 

Evgeny Agureev, deputy CEO of Alrosa, stated: “At the moment, we’re proud to current robust tough diamond gross sales outcomes for 12M 2021. 

“Amid robust demand, December gross sales dynamics outcome from the excessive base impact of December 2020, when gross sales primarily got here from our shares, in addition to from the buying and selling session shift in the direction of the tip of the month with gross sales partly shifting to January 2022.”

He added: “To reiterate, our inventories stay at all-time low since mid-2021. We’re usually optimistic about future demand for tough diamonds, given low shares within the diamond pipeline and continued excessive demand from jewelry customers.”

Written by colin

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