Jul 13, 2020

Alrosa June 2020 Rough Diamond Sales Slide 31% to $24.8 Million

Alrosa reported that its June 2020 rough diamond sales dropped 31% to $24.8 million, from $36.2 million in May 2020.

The Russian miner’s total sales for the month, including rough and polished diamonds, totalled $31.3 million, a 22% drop compared to $40.1 million in May 2020.

Meanwhile, polished diamond sales in June 2020 shot up 67% to $6.5 million.

Alrosa’s total sales for the first half of 2020 reached $991.1 million, including $955.3 million from rough diamonds sales, and $35.8 million from that of polished.

“June sales were expectedly low, as we continue making every effort to maintain stability of the diamond industry and support our customers. In June, for the third time in a row, we offered our long-term customers unprecedented flexible sales conditions, including the opportunity to defer purchasing contracted volumes,” commented Alrosa Deputy CEO Evgeny Agureev. “Alrosa will use all its armour and resources to balance the supply of diamonds with confirmed demand and to avoid putting pressure on the market, which shows signs of recovery.”

Rough diamonds and grinding powders,$mln Polished diamonds,$mln Total rough and polished diamonds,$mln
January 390.2 14.8 405.0
February 342.3 4.1 346.4
March 148.7 4.1 152.8
April 13.1 2.4 15.6
May 36.2 3.9 40.1
June 24.8 6.5 31.3
Total 955.3 35.8 991.1

Caption: Alrosa rough and polished diamond sales in 2020.