ALROSA announces sales results for August 2016

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Moscow, September 22, 2016 – PJSC ALROSA, the world leader in diamond mining, has announced rough and polished diamond sale results for August 2016.

Rough diamond sales by ALROSA Group in August 2016 amounted to USD 243.0 million, 58% higher against 2015. Polished diamond sales over the same period amounted to USD 6.3 million.

In July 2016, ALROSA sold rough and polished diamonds for USD 306.7 million against USD 203.1 million a year ago.

Following 8 months of 2016, rough diamond sales reached USD 3,091.1 million, 23% higher compared to sales in January-August 2015. Polished diamond sales in January-August 2016 amounted to USD 70.5 million, 18% lower against 2015. Taking into account polished diamonds, sales by ALROSA Group for 8 months of 2016 amounted to USD 3,161.5 million, 21% higher against 2015.

In January-August 2016, the Company sold 25.398 million carats of rough diamonds. The sales for the similar period in 2015 amounted to 20.588 million carats.

ALROSA has noted a stable market recovery trend after 2015. However, the Company's market outlook is still moderately conservative.

“In August 2016, the Company observed no seasonal slump in demand for rough diamonds characteristic of this month,” says Yury Okoemov, ALROSA Vice President.

This page was last updated on 22 September 2016 at 15.05