Earnings Report /
Russia

Alrosa: November sales: strong numbers signaling healthy jewelry demand – POSITIVE

  • ALROSA reported $334 mn of rough diamonds sales for November which is 8% up vs October

  • Rough diamond stocks in the midstream remain low suggesting competition for volumes in the market

  • We reiterate our positive view on ALROSA, the stock remains one of our top picks in the M&M sector

Boris Krasnozhenov
Boris Krasnozhenov

Head of Research (Managing Director)

Yulia Tolstykh
Yulia Tolstykh

Analyst, Metals & Mining

Alfa
10 December 2021
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