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The Rough Diamond Sales in ALROSA Rise in August

publish:2020-10-23

In August 2020, ALROSA rough diamond sales reach US$202.1 million, up 12.28% year-on-year.“Given that demand for diamond jewelry is gradually recovering in recent months, specifically in the U.S. and China, and diamonds’ stock levels keep declining at both retail and midstream, we see the demand for rough diamonds is picking up, which is a good sign as we approach seasonal growth in market activity in Q4. Hopefully the support we offered our long-term clients in March-August has a positive effect on restoring the supply/demand balance and helps the diamond market to overcome the most challenging period,” said Evgeny Agureev, Deputy CEO of ALROSA.
 
Source: ALROSA

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