ALROSA sells diamonds worth $334.2 mln in November

MOSCOW, Dec 7 (PRIME) -- Russian uncut diamond giant ALROSA sold U.S. $334.2 million worth of diamonds in November, including $325.8 million of raw diamonds and $87.4 million of cut diamonds, the company said in a statement on Thursday.

In January–November, ALROSA sold $4.029 billion worth of raw and cut diamonds.

“Sales in November were consistent with our expectations. The core sales markets displayed strong demand for rough diamonds. The significant sales growth in monetary terms against last November (+36%) is due, in part, to a low base effect. As a result of a currency reform in India late last year, demand for rough diamonds from small and middle-sized cutting and polishing companies in this country was temporarily reduced,” ALROSA Vice President Yury Okoyomov said, as quoted by the company.

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