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Top diamond miner ALROSA sees demand recovery

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(Kitco News) - ALROSA reported today that the company sold 104 rough diamonds (over 10.8 carats) with the total weight of 1,500 carats at this year’s first diamond auction held in Dubai from January 19 to February 9, 2021.

The overall revenue amounted to $10 million. The company added that clients from Belgium, India, Israel, UAE and the US (39 companies in total) have purchased diamonds.

“This year's first auction was held in Dubai. Demand for our rough diamonds began to recover late last year and now remains stable. We sold over 80% of auctioned lots and proceeds were good,” commented Deputy CEO Evgeny Agureev.

ALROSA is the leader of the world diamond mining industry, a Russian partially state-owned diamond mining company. ALROSA operates across nine countries and ten regions of Russia.

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