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| Russian diamond sales triple as demand in key markets recovers – Alrosa | Russian diamond sales triple as demand in key markets recovers – Alrosa |
| (6 months later) | |
| Alrosa, the world’s leading diamond-mining company by volume, sold $361 million-worth of rough diamonds and $12 million-worth of polished gems in February, according to a report just published. | Alrosa, the world’s leading diamond-mining company by volume, sold $361 million-worth of rough diamonds and $12 million-worth of polished gems in February, according to a report just published. |
| Its sales of rough diamonds rose by 5.5 percent compared to the same period a year ago, while sales of polished diamonds grew threefold against those recorded in February 2020. | Its sales of rough diamonds rose by 5.5 percent compared to the same period a year ago, while sales of polished diamonds grew threefold against those recorded in February 2020. |
| However, its total diamond sales dropped by 16 percent from the previous month, when the state-owned company sold $430 million-worth of rough and polished diamonds. | However, its total diamond sales dropped by 16 percent from the previous month, when the state-owned company sold $430 million-worth of rough and polished diamonds. |
| For the first two months of the current year, its total sales of diamonds amounted to $802 million, including $782 million from rough diamond sales and $21 million from polished. | For the first two months of the current year, its total sales of diamonds amounted to $802 million, including $782 million from rough diamond sales and $21 million from polished. |
| “The recovery in demand for diamond jewelry in key markets continued in early 2021, providing good support for rough diamond sales,” said Evgeny Agureev, Deputy CEO of Alrosa. | “The recovery in demand for diamond jewelry in key markets continued in early 2021, providing good support for rough diamond sales,” said Evgeny Agureev, Deputy CEO of Alrosa. |
| READ MORE: World’s biggest diamond miners offer discounts to spark sales crushed by pandemic | READ MORE: World’s biggest diamond miners offer discounts to spark sales crushed by pandemic |
| Agureev added that the current supply-and-demand balance remained comfortable for both producers and buyers of rough diamonds. | Agureev added that the current supply-and-demand balance remained comfortable for both producers and buyers of rough diamonds. |
| “Midstream companies will seek to replenish their stocks of rough stones once they see an opportunity for that, we believe,” he said. | “Midstream companies will seek to replenish their stocks of rough stones once they see an opportunity for that, we believe,” he said. |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |
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