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Alrosa sells $559.5m worth of diamonds in March

10th April 2018

By: Creamer Media Reporter

     

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JOHANNESBURG (miningweekly.com) – Russian diamond miner Alrosa sold $559.5-million worth of rough and polished diamonds in March, an increase on February’s sales of $541.9-million, despite a slight seasonal cooling off in demand during the month.

Deputy CEO Yury Okoemov said in a statement that auctions of diamonds larger than 10.8 ct had resulted in the higher month-on-month performance in the month under review.

Total sales in the first quarter amounted to $1.61-billion, of which $1.58-billion were rough diamonds, with higher demand for medium and large-size rough diamonds.

Okoemov noted that, at the end of the first quarter, rough diamond stock had approached the technological minimum level.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

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