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Tuesday, September 7, 2010

Alrosa Expects Strong Growth in Diamond Sales for 2010


Russian state diamond monopoly Alrosa said Monday its rough and polished diamond sales should show a year-over-year increase by 50 percent to $3.3 billion by the end of 2010, according to a published report.

In 2009, the company reportedly sold nearly $2.2 billion in diamonds. In the first eight months of 2010, the company sold $2.6 billion, and September sales are expected at $200 million.

Alrosa is one of the world's largest diamond companies, accounting for 25 percent of global production.

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