|Russian mining company Alrosa has announced the company's diamond sales results for October and the first ten months of 2017, reporting total sales of rough and polished diamonds in October worth US$337.6 million.
Breaking down the numbers, revenue from rough diamond sales in October amounted to US$326.7 million, with polished diamond sales reaching US$10.9 million.
For the January-October 2017 period, Alrosa's rough and polished diamond sales reportedly reached US$3.695 billion. Total rough diamond sales for the ten-month period were US$3.616 billion.
Commenting on the results, Alrosa Vice President Yury Okoemov says, "Trade in October was more active than a month before - the Company's sales grew compared to September, being stimulated by additional growth in demand for small-size rough diamonds at the end of the month. At the same time, sales in October last year were higher in monetary terms due to the sale of a larger volume of products from inventories."