ALROSA September 10, 2021 - ALROSA reports preliminary rough and polished sales results for August 2021.
ALROSA sales of rough and polished diamonds in August totaled $306 million, including proceeds from rough diamond sales of $297 million, and polished diamond sales of $10 million.
For eight months of 2021, total rough and polished diamond sales accounted for $2,976 million, including $2,844 million of rough diamond sales and $131 million of polished.
'This year demand for rough diamonds remained strong despite the traditional summer slowdown at cutters and polishers. Our total sales in carats were lower due to a lack of rough inventories available for sale. This shortage was partially offset by the sale of diamonds purchased for long-term customers at a Gokhran auction in July. Going forward, we expect our supply of rough diamonds to stabilise as production recovers, enabling us to benefit from favourable market conditions. At the same time, the robust demand from end consumers combined with the persistent shortage of rough diamonds will support a positive price dynamics,' said Evgeny Agureev, Deputy CEO of ALROSA.
ALROSA Group rough and polished diamond sales in 2021
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Monthly sales results are preliminary and may be updated. Possible discrepancies are due to rounding. Data on the diamond market is the Company's estimate based on the information available at the time of publication. More detailed Information on sales results the company discloses on a quarterly basis in its Trading updates along with operational results. Official information on the company's revenue is disclosed in its consolidated IFRS results for the corresponding periods. Preliminary dates of such publications are available in Investor calendar.
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ALROSA PJSC published this content on 10 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 September 2021 08:41:07 UTC.
