Russia Diamond Monopoly Reports Boost In 2012 Sales

diamondAlrosa, Russia’s state-owned diamond monopoly, sold $694 million worth of rough and polished diamonds in January and February of this year, marking a 20.9% year-over-year increase, IDEX Online reported.

The Russian diamond miner did not provide a breakdown by goods or volume information.

According to IDEX Online, Alrosa said it expects to sell rough and polished diamonds worth $1.123 billion in the first quarter of the year, setting a goal of $429 million for March.

The company said it is seeing a steadily growing global demand for rough diamonds, IDEX Online reported.

Since the beginning of the year, demand for polished diamonds and diamond jewelry has grown by 8-12% with a slight drop in global diamond production, according to the company.

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