Alrosa announced rough and polished diamond sale results for April and the first four months of 2017 on 10 May 2017. Its rough sales for the first four months fell 12.5 percent by value as the Russian miner sold a larger volume of low-value rough than last year.
In January-April 2017, the company sold 16.9 million carats of rough and polished diamonds, which is seven percent higher than the sales in the same period last year. In terms of value, Alrosa rough diamond sales in this period amounted to US$1.7 billion, which is 12.5 percent less year-on-year.
Rough diamond sales in April 2017 amounted to US$310.2 million. Polished diamond sales for this period reached US$7.6 million.
“The decline in sales in value terms compared to the same period last year is primarily caused by a high base of the first months of 2016, when the market started to recover from a challenging 2015 and a lot of expensive diamonds were sold from previously accumulated stocks. The sales assortment structure has changed dramatically – in the first four months of 2017 the share of small-size, inexpensive rough diamonds was significantly higher than early in 2016. In general, this period can be described as a period of active restocking in the midstream against emerging recovery of growth in Chinese jewellery retail sales,” said Yury Okoemov, Alrosa vice president.
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