Press release – ALROSA reports preliminary rough and polished sales results for July 2021.
ALROSA sales of rough and polished diamonds in July totaled $334 million, including proceeds from rough diamond sales of $318 million, and polished diamond sales of $15 million.
For seven months of 2021, total rough and polished diamond sales accounted for $2,670 million, including $2,548 million of rough diamond sales and $122 million of polished.
“In July 2021, jewelry demand remained robust following a strong first half of the year, when it increased an average of 35% and 15% in the US and China (including Hong Kong), respectively, versus the pre-COVID H1 2019. Heading into the second half of the year, the retailers note continued optimism among consumers and their increased interest in diamond jewelry. This continues to support strong demand for rough diamonds from the midstream, which faced supply shortages as early as May-June 2021, when miners saw their inventories drop to record-low levels. At the moment, the pricing policy presents the only solution to balancing demand and supply. By early August, our rough diamond prices have rebounded to the pre-crisis levels. As a responsible market player, ALROSA will seek to support the demand and supply balance by servicing the real demand only,” said Evgeny Agureev, Deputy CEO of the Company.
ALROSA Group rough and polished diamond sales in 2021
Notes
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.
