Alrosa said sales of rough and polished diamonds in October totalled $310.0 million, including proceeds from rough diamond sales of $299.3 million, and polished diamond sales of $10.7 million.
For the year-to-date, total rough and polished diamond sales accounted for $1.89 billion, including $1.808 billion of rough diamond sales and $82.1 million of polished.
Commenting on the October sales results, Evgeny Agureev, Deputy CEO of Alrosa, said, “In October, demand for rough and polished diamonds continued its gradual recovery, a trend seen since August, as cutters and jewellery retailers replenished their stock of end products and raw materials before the festive season. Alrosa has responded to a changing market environment and customer demands by altering the usual rhythm of its monthly trading sessions, making them no longer inextricably tied to specific calendar months.
“As you may remember, this is what prompted us to pool the October and November trading sessions together, with the latter already in progress. The October figures also include auction sales in that month. In any event, Alrosa’s sales policy is still based on a responsible approach seeking to meet the end confirmed demand from our customers.”
Caption: © Alrosa