At the meeting held by ALROSA’s management on February 13 and chaired by Fyodor Andreev, the company’s CEO, the participants discussed the current financial situation and marketing policy issues. This is stated in a press release distributed by ALROSA and received by Rough&Polished.
According to ALROSA, after the trading session in January 2012 it was evident there was a steady increase in demand for rough diamonds as compared to Q4 last year.
The company’s sales of rough and polished diamonds in January reached over $318 million.
In Q1 2012, ALROSA expects to sell $1.123 billion worth of rough and polished diamonds.
In Q1 2011, its sales of diamond goods amounted to $931 million.
Given the positive trend in demand, ALROSA plans to return to the spot market and will hold auctions to sell a wide assortment of rough diamonds in March.
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