Top diamond miner ALROSA posts $1.2B sales in Q1 2021, touts high demand
(Kitco News) - Russia's ALROSA today reported that sales of rough and polished diamonds in March totaled $357 million, including proceeds from rough diamond sales of $345 million, and polished diamond sales of $12 million.
For three months of 2021, total rough and polished diamond sales accounted for $1,159 million, including $1,126 million of rough diamond sales and $33 million of polished.
"Jewelry sales results at key markets, including USA and China, indicate a persistently high demand from end-consumers. As we see the market today, polished diamonds stocks in the global pipeline are at a comfortable level, while rough diamonds stocks are approaching low levels," said 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.