Policies & IssuesApr 28, 2026
Tariff Refunds: How to File, What to Expect Importers can submit claims now to receive money back for the IEEPA tariffs they’ve paid, with refunds expected to take up to 90 days.
SourcingJan 16, 2020
Alrosa Ends the Year With a 26% Drop in Sales
Sales picked up in the latter half of 2019, but it was not enough to turn around a tough year.
Alrosa’s 2019 diamond sales, both rough and polished, totaled $3.34 billion, down from $4.51 billion last year. (Photo courtesy of Alrosa Group)
Moscow—Sales picked up in December for Alrosa Group, though it was not enough to turn the tide in a tough year for diamond producers.
In December, Alrosa’s rough and polished sales totaled $363.8 million. Rough diamond sales were $352.1 million while polished diamond sales amounted to the remaining $11.6 million.
It was an 11 percent year-over-year increase.
But Alrosa still finished the year with a 26 percent drop in sales.
The diamond miner’s totaled rough and polished sales in January-December 2019 totaled $3.34 billion—$3.27 billion in rough and $64.7 million in polished—down from $4.51 billion last year, $4.41 billion in rough and $95.3 million in polished diamonds.
Deputy CEO Evgeny Agureev said December was a continuation of the stabilization of diamond demand first noted in the second half of the third quarter, but it was not enough for a full-year turnaround.
This, combined with miners like Alrosa and De Beers Group holding back goods, has helped to restore the market balance.
He explained: “Cutters and retailers entered 2019 with large stocks of goods, but their expectations of strong demand did not match the reality.
“Along with a number of other factors, this triggered a massive destocking while also hitting the demand for rough diamonds. As a result, 2019 saw sales by diamond producers drop by almost a third from the previous year.”
Alrosa’s main rival, De Beers, saw 2019 sales decline 26 percent year-over-year, from $5.4 billion to $4.04 billion.
Agureev also noted consumer demand for diamonds is currently “robust” and preliminary holiday sales figures indicate growth, in some regions.
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