ALROSA Group’s total sales revenue for January 2019 reached US$ 281.5 million. This marked a drop of 44% over total diamond sales revenue raised in the same period of the previous year.

Of the total revenue for the period, rough diamond sales amounted to US$ 278.2 million, while polished diamond sales stood at US$ 3.4 million.

Yury Okoemov, ALROSA Deputy CEO, noted: “In January, market activity was lower than usual. After active restocking at the midstream in December 2018 (our December sales were up 20% q-o-q and up 46% y-o-y), our January sales came lower. At the same time, combined sales in December 2018 and January 2019 reached three year’s average number of US$ 601.9 million. Sales in the diamond market are always cyclical, and apparently, we are seeing the expected correction after the peak values in previous periods.”

ALROSA also presented its total rough and polished diamond sales for the two months (December and January) during the last three years in tabular form, as reproduced below: