Moscow. June 8. INTERFAX.RU – ALROSA in January-may 2017 sold diamond products $2.13 billion, which is 5% less compared to the same period in 2016, said in a statement. The total cost of the implemented rough diamonds totaled $2.09 billion, diamonds at $44.3 million
Commenting on the reduction in the cost of goods sold in January-may this year, Vice-President ALROSA Yury okoemov recalled that in early 2016, the company sold a significant amount of expensive rough diamonds from previously accumulated reserves. This year, the sales share of small, inexpensive diamonds that in the first place, due to the structure of inventories at the beginning of the year. Okoemov also noted the recovery of demand for cheap diamond products in India, which decreased significantly at the end of last year as a result of the monetary reform in this country.
In may 2017, the company sold diamond products totaling $472,1 million, or 33% more than the same period last year. The proceeds from the sale of rough diamonds totaled $467,6 million, diamonds $4.5 million.
Sales in may were 51% higher than in April of the current year ($317,8 million). Low APR result, in turn, was caused by a predominance of small diamonds in a cut of the sales.