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ALROSA reports rough and polished diamonds in November worth $334 mln

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ALROSA sales of rough and polished diamonds in November totaled $334 million, including proceeds from rough diamond sales of $310 million, and polished diamond sales of $24 million.

 

For eleven months of 2021, total rough and polished diamond sales accounted for $3,915 million, including $3,736 million of rough diamond sales and $179 million of polished.

 

“End demand for diamond jewelry in the key markets keeps growing at a double-digit rate in Q4 driven

by the unleashing of pent-up spending and higher confidence among the main consumer groups. Market players see increased demand for wedding jewelry and expect this trend to continue unabated in 2022. Midstream inventories are currently at low levels due to the limited availability of raw materials supplied by mining companies and continuously strong consumer demand,” said Evgeny Agureev, Deputy CEO

of ALROSA.

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