November 10, 2021 – ALROSA reports preliminary rough and polished sales results for October 2021.
ALROSA sales of rough and polished diamonds in October totaled $308 million, including proceeds from rough diamond sales of $293 million, and polished diamond sales of $15 million.
For ten months of 2021, total rough and polished diamond sales accounted for $3,581 million, including $3,426 million of rough diamond sales and $155 million of polished.
“Demand for jewelry in key markets continues to grow in double digits against the high levels of 2018–2019. Both retailers and cutters expect this upward trend to carry on through the end of the year. Previously adequate supply of polished diamonds was covered from rough diamond inventories accumulated by miners during the downturn period. In the past few months, rough diamonds have been in short supply amid the structural cuts in diamond production (-20% vs the pre-pandemic level). As end consumer demand for natural diamond jewelry remains high, ALROSA aims to gradually restore the supply and demand balance, despite the limited capacities to increase production. At the same time, we are committed to our policy of selling rough diamonds only against actual demand,” said Evgeny Agureev, Deputy CEO of ALROSA.
ALROSA Group rough and polished diamond sales in 2021
Monthly sales results are preliminary and may be updated. Possible discrepancies are due to rounding. Data on the diamond market is the Company’s estimate based on the information available at the time of publication. More detailed Information on sales results the company discloses on a quarterly basis in its Trading updates along with operational results. Official information on the company’s revenue is disclosed in its consolidated IFRS results for the corresponding periods. Preliminary dates of such publications are available in Investor calendar.