|Russian mining company Alrosa has announced the company's diamond sales results for June and the first six months of 2017, reporting total sales of rough and polished diamonds in June worth US$365 million.
Breaking down the numbers, revenue from rough diamond sales in June amounted to US$354.4 million, with polished diamond sales reaching US$10.6 million.
For the January-June 2017 period, Alrosa's rough and polished diamond sales reportedly reached US$2.497 billion. Total rough diamond sales for the six-month period were US$2.442 billion.
Commenting on the results, Alrosa Vice President Yury Okoemov says, "In the first half of 2017, the Company cut down finished stock due to positive rough diamond market trends. The stock structure as at the start of the year, predominantly small-size, rather inexpensive goods, had a significant impact on the sales structure. "We consider the existing rough diamond market environment to be stable, though we saw a seasonal slowdown by the end of June," added Okoemov.