In January–May 2017, ALROSA’s rough and polished diamond sales exceeded USD 2.13 billion − 5% below the same period in 2016. Rough diamonds were sold for USD 2.09 billion, polished diamonds – for USD 44.3 million. Commenting on a 5-percent reduction of the cost of diamonds sold in January-May this year from the same period a year earlier, ALROSA Vice President Yury Okoemov reminded that early in 2016 the Company sold a substantial part of high-priced rough diamonds from previously accumulated stocks. This year, the share of small-size, inexpensive rough diamonds in total sales is higher, which, above all, is related to the composition of stock as at the start of the year. He also noted a revival of demand for inexpensive rough diamonds in India, which showed a noticeable slowdown late last year as a result of a monetary reform in this country.
