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Alrosa books 36% YOY rise in November diamond sales

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Alrosa books 36% YOY rise in November diamond sales

PJSC Alrosa reported Dec. 7 that rough and polished diamond sales in November totaled US$334.2 million, with polished diamond sales accounting for US$8.4 million of the total.

The company's total sales in the year through November amounted to US$4.03 billion, with polished stones accounting for US$87.4 million of the total.

Vice President Yury Okoemov said sales for November were up 36% year on year, partially due to a significantly lower comparative. "As a result of the currency reform in India late last year, the demand for rough diamonds from small and middle-sized cutting and polishing companies in this country was temporarily reduced," he added.

Diamond sales in November 2016 totaled US$255.2 million and US$4.49 billion in full-year 2016.

In October, the company reported third-quarter production of 10.3 million carats, compared to 11 million carats in the third quarter of 2016.