|Russian mining company Alrosa has announced the rough and polished sales results for the period of April and for the first four months of 2017 - January through April.
The company notes that 16.9 million carats of rough and polished diamonds were sold in the January-April 2017 period, 7 percent higher when compared with January-April 2016. However, by value, rough diamond sales for the period were US$1.7 billion, a drop of 12.5 percent compared with the similar 2016 period.
For the month of April, Alrosa reports rough diamond sales of US$310.2 million, and polished diamond sales of US$7.6 million.
Commenting on the results, Alrosa Vice President Yury Okoemov says, "The decline in sales in value terms compared to the same period last year is primarily caused by a high base of the first months of 2016, when the market started to recover from a challenging 2015 and a lot of expensive diamonds were sold from previously accumulated stocks. The sales assortment structure has changed dramatically-in the first four months of 2017 the share of small-size, inexpensive rough diamonds was significantly higher than early in 2016.
Continues Okoemov: "In general, this period can be described as a period of active restocking in the midstream against emerging recovery of growth in Chinese jewelry retail sales."
83.5-CARAT DIAMOND RECOVERED FROM JUBILEE PIPEIn other company news, Alrosa reports the recovery of an 83.5-carat diamond from its Jubilee pipe in Western Yakutia. The stone is described as being octahedron with a translucent yellow tinge.