https://www.miningweekly.com
Diamonds
Diamonds
diamonds

Alrosa sees gradual recovery in smaller diamond market

7th March 2019

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

Russian diamond miner Alrosa in February sold rough and polished diamonds worth $345-million, which was up 23% compared with January’s sales of $281-million, but down significantly on the $541.9-million sold a year earlier.

Rough diamond sales in February comprised $340-million, compared with $278-million in January, while polished diamond sales comprised $5-million, compared with $3.4-million in January.

“We see Indian mid-streamers actively gradually recovering, despite some challenges that were hampering access to bank financing for the industry in India. This sentiment is particularly noticeable for small- and medium-sized rough diamonds.

“The company has moderately optimistic expectations of further smooth growth in demand and market activity,” said Alrosa CEO Sergey Ivanov in a statement on Thursday.

The value of Alrosa’s diamond sales for 2019 to date is $627-million.

Alrosa competes with Anglo American’s De Beers, which is the biggest seller of rough diamonds by value.  De Beers sold rough diamonds worth $490-million in its second cycle of the year and also reported an increase in demand from India as factories started to restock.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:1.125 1.158s - 107pq - 2rq
Subscribe Now