(Kitco News) – Russia’s ALROSA, the world’s leading diamond mining company, announced today that sales of its rough and polished diamonds in September totaled $298 million, including proceeds from rough diamond sales of $289 million, and polished diamond sales of $9 million.
For nine months of 2021, total rough and polished diamond sales accounted for $3,274 million, including $3,133 million of rough diamond sales and $140 million of polished, the company added.
“According to our preliminary estimates, end consumer demand for diamond jewellery is record high. The US and China demonstrate double-digit growth vs 2019,” said deputy CEO Evgeny Agureev.
Jewelry sales in Europe, the world’s third largest market, have also been gaining momentum, the company noted. As a result, ALROSA said it continues to see strong demand in the mid-stream and that the rough diamond price index has returned to the 2018 levels, with polished diamond prices surpassing the 2018 average.
“Our clients are mostly optimistic about the upcoming festive season, and we expect the positive trend to continue into 2022,” Agureev added.