ALROSA diamond sales fall 14% to $346 mln in February

MOSCOW, Mar 11 (PRIME) -- Russia’s ALROSA sales fell by 14% on the year to U.S. $346.4 million in February, the company said in a statement on Wednesday.

Sales of rough diamonds amounted to $342.3 million and of polished diamonds to $4.1 million.

“Our February sales were 14% down compared to January. In February, the uncertainty with the spread of COVID19 virus started to weigh on negatively on the demand and customers’ activity, the factor that will be impacting demand in the coming months,” Evgeny Agureev, Deputy CEO of ALROSA, said as cited in the report.

“However, we continue to pursue “price-over-volume” strategy to keep prices stable rather than increasing sales volumes."

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