ALROSA October 11, 2021 - ALROSA reports preliminary rough and polished sales results for September 2021.
ALROSA sales of rough and polished diamonds in September totaled $298 million, including proceeds from rough diamond sales of $289 million, and polished diamond sales of $9 million.
For nine months of 2021, total rough and polished diamond sales accounted for $3,274 million, including $3,133 million of rough diamond sales and $140 million of polished.
"According to our preliminary estimates, end consumer demand for diamond jewellery is record high. The US and China demonstrate double-digit growth vs 2019. Jewelry sales in Europe, the world's third largest market, have also been gaining momentum. As a result, we continue to see strong demand in the mid-stream. The rough diamond price index has returned to the 2018 levels, with polished diamond prices surpassing the 2018 average. ALROSA maintains its policy of satisfying only requests backed by the real demand to ensure sustainability of the whole diamond pipeline. Midstream inventories are kept at optimal volumes, reaching minimum low in some rough diamond categories. Our clients are mostly optimistic about the upcoming festive season, and we expect the positive trend to continue into 2022," said Evgeny Agureev, Deputy CEO of ALROSA.
ALROSA Group rough and polished diamond sales in 2021
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 11 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 October 2021 08:11:06 UTC.
