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Alrosa reports grim Q3 financials

Russian diamond company Alrosa’s Q3 financial results paint a bleak picture of the market, reflecting oversupply and continued poor global demand for diamonds – but the company’s CFO expressed hopes a reduction in supply may help the market to stabilise soon.

Staff Reporter
Alrosa has expressed hope that diamond supply and demand may stabilise soon following cross-market cuts to production

Alrosa has expressed hope that diamond supply and demand may stabilise soon following cross-market cuts to production

Alrosa reported a 20% decrease in revenue to RUB46 billion versus the previous quarter. Year on year, the picture was even worse, with a 35% decline in revenue blamed on lower sales and a higher share...

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