Alrosa’s Q1 Diamond Sales +28% To $1.15 Billion

Alrosa sales of rough and polished diamonds in Q1 2021 increased 28% year-on-year to $1.15 billion compared with $904.2 million in Q1 last year. The company recorded $1.126 billion of rough diamond sales (+28%) and $33 million of polished (+43%) in the quarter.

Evgeny Agureev, Deputy CEO of Alrosa, said, “Jewellery sales results at key markets, including USA and China, indicate a persistently high demand from end-consumers. Alrosa retains its commitment to a prudent sales strategy, aimed at keeping the industry balance through supplying real demand.”

Alrosa’s rough and polished sales in March 2021 rose 134% to $357 million versus a year ago, including proceeds from rough diamond sales of $345 million (+132%), and polished diamond sales of $12 million (+193%).

“March sales were in line with our expectations. As we see the market today, polished diamonds stocks in the global pipeline are at a comfortable level, while rough diamonds stocks are approaching low levels,” Agureev added.

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