ALROSA reports preliminary rough and polished sales results for December and 12 months of 2020.
Sales of rough and polished diamonds in December totaled $521.6 million, including proceeds from rough diamond sales of $470.3 million, and polished diamond sales of $51.2 million.
For 12 months of 2020, total rough and polished diamond sales accounted for $2,802 million, including $2,652 million of rough diamond sales and $150 million of polished.
“Strong sales of rough and polished diamonds by ALROSA in December were driven by the continued strong demand from the midstream as well as by one-off factors. In particular, revenue from the sale of polished diamonds was additionally supported by the sale of the previously accumulated stock and proceeds from the unique Spirit of the Rose diamond sale. High sales of rough diamonds in December generally reflected the current level of market demand. ALROSA continues to maintain maximum flexibility in satisfying only confirmed demand for rough diamonds, especially from cutting and polishing sector. We expect January sales to return to their average for this period, and figure on a stable demand and sales during the first quarter,” said Evgeny Agureev, Deputy CEO of ALROSA.
ALROSA Group rough and polished diamond sales in 2020
Monthly sales results are preliminary and may be updated. 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.
