Russia to continue buying diamonds through state fund in 2025
The Russian budget for 2025-2027 has set aside $1.55 billion for the purchase of precious metals and gems.
Moscow: 10 October 2018 – ALROSA, the world’s largest diamond miner, announces diamond sales results for September and nine months of 2018.
In September, ALROSA Group sales of rough and polished diamonds increased by 9% yoy to $338.7 million.Rough diamond sales by value amounted to $331.6 million, polished diamond sales – $7.1 million.
ALROSA’s total diamond sales in January-September 2018 grew 9% yoy and amounted to $3.662 billion. During the nine months of 2018, rough diamonds were sold for $3.588 billion, polished diamonds – for $74.1 million.
“September sales growth against last year numbers is due, partially, to the low base effect of the last year, as sales of +10.8 and +2 carat rough diamonds increased.At the same time, there is a further slowdown in buying activity of in inexpensive stones, traditional for the holiday season during Diwali celebration in India,” commented on the sales results ALROSA Deputy CEO Yury Okoemov.
