In April, ALROSA virtually stopped the implementation of diamond products as a result of measures to combat the spread of coronavirus infection, the company said.
Total sales in April amounted to 15.6 million dollars (for comparison – in January 2020, the figure was 405 million dollars). Revenue from diamond sales was $13.1 million, diamonds $2.4 million.
the Restrictions imposed in connection with the distribution of COVID-19, and a General decline in demand for jewelry with diamonds reduced diamonds and diamonds in the world.
“In these circumstances, we have offered clients the opportunity to refuse to buy raw materials in April and transfer it for further periods, which was positively received by our customers,” explains sales drop Evgeny Agureev, Deputy General Director of ALROSA.
According to the company, positive dynamics of demand for diamonds can come back by the beginning of the third quarter, as the challenges now facing the market, are temporary. According to Agureeva, this opinion is shared by many market participants.
