Alrosa's rough diamond prices back at precrisis level
Alrosa, the world’s biggest diamond producer by volume, said on Tuesday that rough diamond prices had rebounded to precrisis levels by early August, and stressed that it would service “real demand only”.
The Russian diamond producer stated that jewellery demand remained robust in July, following a strong first half of the year, when it increased by an average of 35% and 15% in the US and China, respectively.
“Heading into the second half of the year, the retailers note continued optimism among consumers and their increased interest in diamond jewellery. This continues to support strong demand for rough diamonds from the midstream, which faced supply shortages as early as May to June 2021, when miners saw their inventories drop to record-low levels,” said deputy CEO Evgeny Agureev.
“At the moment, the pricing policy presents the only solution to balancing demand and supply. As a responsible market player, Alrosa will seek to support the demand and supply balance by servicing the real demand only,” he added.
Alrosa’s sales of rough and polished diamonds in July totalled $334-million, including proceeds from rough diamond sales of $318-million and polished sales of $15-million. This was lower than the $410-million reported in June.
For the seven months of 2021, total rough diamond and polished sales accounted for $2.67-billion, including $2.55-billion of rough diamond sales and $122-million of polished.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
