Alrosa Rough Diamond Sales At $358.2 Million In January

ALROSA, the world leader in diamond mining, has announced rough and polished diamond sale results for January 2017.


Rough diamond sales by ALROSA Group in January 2017 amounted to USD 358.2 million. Polished diamond sales for the same period amounted to USD 7.28 million.Total diamond sales in January 2017 amounted to USD 365.4 million, 60% higher compared to the same period last year.

“The first month of the year has expectedly demonstrated effective demand for rough diamonds in almost all market segments. The diamond cutting sector in India obviously copes with the problems caused by the currency reform in this country somewhat faster than expected. We still remain cautiously optimistic about the activity in the small-size, low-cost rough diamond segment,” says Yury Okoemov, ALROSA Vice President.

Based on the results of the estimation in accordance with the JORC code conducted by Micon, an independent expert, ALROSA’s resources totalled 1,030 million carats, while its reserves amounted to 653 million carats.

The estimation perimeter of ALROSA’s assets remained unchanged in comparison with Micon’s previous report.

Resources of Verkhne-Munskoe deposit, Zaria pipe, Maiskoye kimberlite body and Botuobinskaya placer were reclassified to reserves, with the financial models of ALROSA’s respective divisions updated accordingly.

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