Alrosa, 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.