SourcingJul 07, 2021
Alrosa Introduces New Nanotechnology to Trace Its Diamonds SourcingJul 21, 2021
Alrosa’s First-Half Diamond Sales Top $2B
Sales are more than double what they were at this point last year and up 31 percent compared with 2019.
Alrosa’s rough diamond sales totaled 11.4 million carats in the second quarter and are at 27 million carats year-to-date. The diamond miner is pacing ahead of both 2020 and 2019 due to continued strong demand for diamond jewelry.
Moscow—Alrosa’s diamond sales continue to pace ahead of both 2020 and 2019 as the demand for diamond jewelry remains strong in the United States and China, and begins to rebound in Europe as restrictions are lifted.
The diamond miner reported earlier this week that it sold 11.4 million carats of rough diamonds in the second quarter.
That is down from 15.5 million carats in a busy first quarter but up exponentially when compared with 634,000 carats in the second quarter 2020, when COVID-19 brought the diamond market to a halt.
Year-to-date, rough diamond sales have totaled 27 million carats, nearly three times what Alrosa had sold by this point last year and ahead of 2019 as well, when sales at the halfway point of the year totaled 18.9 million carats.
Proceeds from rough and polished diamond sales in Q2 reached $1.18 billion, up 1 percent quarter-over-quarter and 14 percent year-over-year.
Year-to-date, rough and polished diamond sales have hit $2.34 billion, more than twice what they were at this point last year and up 31 percent compared with $1.79 billion in 2019.
Production in the second quarter totaled 7 million carats, down 8 percent quarter-over-quarter, due mainly to the seasonal processing of low-grade gravels, but up 22 percent year-over-year.
Year-to-date, production is up 6 percent year-over-year to 14.5 million carats, as Alrosa was cutting diamond output last year.
Compared to 2019, however, production so far this year is down.
Alrosa mined 17.6 million carats in the first half of 2019, with the launch of production at the V. Munskoye deposit, increased output at Udachny underground, and increased ore processing at the Botuobinskaya pipe all helping to boost diamond output.
Related stories will be right here …
The diamond miner reported earlier this week that it sold 11.4 million carats of rough diamonds in the second quarter.
That is down from 15.5 million carats in a busy first quarter but up exponentially when compared with 634,000 carats in the second quarter 2020, when COVID-19 brought the diamond market to a halt.
Year-to-date, rough diamond sales have totaled 27 million carats, nearly three times what Alrosa had sold by this point last year and ahead of 2019 as well, when sales at the halfway point of the year totaled 18.9 million carats.
Proceeds from rough and polished diamond sales in Q2 reached $1.18 billion, up 1 percent quarter-over-quarter and 14 percent year-over-year.
Year-to-date, rough and polished diamond sales have hit $2.34 billion, more than twice what they were at this point last year and up 31 percent compared with $1.79 billion in 2019.
Production in the second quarter totaled 7 million carats, down 8 percent quarter-over-quarter, due mainly to the seasonal processing of low-grade gravels, but up 22 percent year-over-year.
Year-to-date, production is up 6 percent year-over-year to 14.5 million carats, as Alrosa was cutting diamond output last year.
Compared to 2019, however, production so far this year is down.
Alrosa mined 17.6 million carats in the first half of 2019, with the launch of production at the V. Munskoye deposit, increased output at Udachny underground, and increased ore processing at the Botuobinskaya pipe all helping to boost diamond output.
“Jewelry demand remains strong in all key markets,” Alrosa said in a release announcing its Q2 results.
“At the same time, miners’ rough diamond inventories hit rock-bottom levels as supply structurally dropped [and] … [the] midstream is also witnessing a decline in the inventories of rough and polished diamonds.”
Demand for rough diamonds outpaced supply in Q2 amid the recovery in India—where factories are humming again following the surge of COVID cases in the spring—and continued demand from the United States and China.
Alrosa said the supply-demand imbalance is driving up rough diamond prices.
More on Sourcing
The Latest
IndependentsApr 16, 2025
Catbird Expands to ChicagoThe opening marks the jewelry retailer’s first location in the Midwest.
CollectionsApr 16, 2025
Foundrae’s First Commitment Jewelry Collection Unites Through LoveThe “United in Love” collection offers tangible mementos of hearts entwined with traditional and non-traditional commitment heirlooms.
IndependentsApr 16, 2025
Indiana Jeweler to Host Black Jewelry Designer Pop-UpRobert Goodman Jewelers will hold a “Black Jewelry Designers and Makers” event on April 27.
MajorsApr 16, 2025
WJA Announces Board Members, New Chicago Chapter PresidentThe announcements follow a tumultuous start to 2025 for WJA, which saw a wave of resignations following controversial statements about DEI.
Weekly QuizApr 11, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
EditorsApr 15, 2025
Tariffs: What We Know Right Now Editor-in-Chief Michelle Graff answers questions about how the new taxes levied on countries like India and China will impact the industry.
EditorsApr 15, 2025
Q&A: Bogolo Joy Kenewendo on Making Deals, Marketing DiamondsKenewendo, Botswana’s minster of minerals and energy, discusses closing the deal with De Beers and the work that was missed along the way.
Brought to you by
The Heart of the Industry: Giving Bench Jewelers the Recognition They DeserveBench jewelers spend years honing their skills, Jewelers of America’s Certification validates their talents.
AuctionsApr 15, 2025
23-Carat ‘Golconda Blue’ Heads to AuctionThe historic fancy vivid blue diamond set to headline Christie’s Geneva sale next month could sell for up to $50 million.
FinancialsApr 15, 2025
LVMH’s Q1 Sales Slip 2 PercentLVMH CFO Cécile Cabanis also discussed the effects of tariffs so far.
CrimeApr 15, 2025
Jon Hamm Plays a Jewel Thief on Apple TV+The “Mad Men” and “The Morning Show” star steals jewelry, art, and handbags from his wealthy neighbors in “Your Friends & Neighbors.”
FinancialsApr 14, 2025
Movado to Restate Years of Financials Due to ‘Misconduct’ in Dubai An investigation found that the former managing director of Movado’s Dubai branch overstated and prematurely recorded sales.
CollectionsApr 14, 2025
Sauer Embraces Emptiness Through ‘Ma’ CollectionThe collection pays tribute to the Japanese philosophy of Ma, studying balance, stillness, and the interplay between presence and absence.
IndependentsApr 14, 2025
Illinois Jeweler Closing After 45 YearsMari Lou’s Fine Jewelry in Orland Park, a suburb of Chicago, is closing its doors.
GradingApr 14, 2025
GIA Expands Overseas Services as Tariffs Kick InGIA’s labs in Dubai and Hong Kong are now accepting larger diamonds in light of the “logistical challenges” presented by the new tariffs.
AuctionsApr 11, 2025
Piece of the Week: A Replica of Princess Grace’s Wedding EarringsThese earrings by Van Cleef & Arpels, featuring the same design as a pair worn by Princess Grace, are up for auction at Woolley & Wallis.
Recorded WebinarsApr 11, 2025
Watch: Top Tips for Saving Time With AITwo experts share how artificial intelligence tools can help retailers run a more efficient business.
WatchesApr 11, 2025
Bulova Documentary Now on Amazon Prime“America Telling Time: 150 Years of Bulova” explores the storied history of the American watchmaker.
Policies & IssuesApr 10, 2025
Trump Presses Pause on Higher Tariffs for 90 DaysAn across-the-board tariff of 10 percent remains in place for all U.S. trading partners, except China.
MajorsApr 10, 2025
Brilliant Earth Taps Influencers, Their Moms for Mother’s Day CampaignBrigette Pheloung and Tania Sarin, and their mothers, star in the campaign wearing medallions they co-designed.
MajorsApr 10, 2025
Pary LeVian, Matriarch of the LeVian Family, Dies at 96LeVian is remembered for her unwavering commitment to her family, community, and helping others.
Events & AwardsApr 10, 2025
Hamptons Jewelry Show to Debut This SummerThe retail show is open to the public and will run July 24-27.
MajorsApr 09, 2025
Tiffany & Co. Opens Flagship in BrazilThe new store in the upscale Iguatemi São Paulo mall is the storied brand’s first flagship in Brazil.
AuctionsApr 09, 2025
Bonhams to Offer Selection of Chaumet JewelsThe pieces span from the Art Deco period to the 1970s and will go up for auction at the Paris Jewels sale later this month.
MajorsApr 09, 2025
Pandora Names Tyla as Its New Brand AmbassadorThe Grammy-winning singer-songwriter, who is set to perform at Coachella this month, also debuted a curated selection from the brand.
WatchesApr 08, 2025
Here Are the New Rolex Watches for 2025The introductions include the Land-Dweller, Rolex’s first new model since 2012, as well as several new dials for its classic timepieces.
