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ALROSA reports preliminary diamond sales results for 2021

Published by , Editor
Global Mining Review,

ALROSA has reported that its sales of rough and polished diamonds in 2021 totalled $4.169 billion.

This total is comprised of proceeds from rough diamond sales of $3.977 billion, and polished diamond sales of $192 million.

December 2021 rough and polished diamond sales accounted for $254 million – including $241 million of rough diamond sales and $12 million of polished.

Evgeny Agureev, Deputy CEO of ALROSA, comments:

“Today, we are proud to present strong rough diamond sales results for 12M 2021. According to preliminary estimates, they exceeded 2020 levels by 50%, and compared to 2019, the growth rate was 21%. This was driven by recovering demand for diamond jewellery in the key consumer markets in North America and Asia. Amid strong demand, December sales dynamics result from the high base effect of December 2020, when sales primarily came from our stocks, as well as from the trading session shift towards the end of the month with sales partly moving to January 2022. To reiterate, our inventories remain at rock bottom since mid-2021. We are generally positive about future demand for rough diamonds, given low stocks in the diamond pipeline and continued high demand from jewellery consumers.”

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Russian mining news Diamond mining news European mining news