Market NewsNewsAlrosa says market back to being 'balanced'

Alrosa says market back to being 'balanced'

Russia’s Alrosa, the world's top diamond producer by output, said Monday it sold $2.5 billion worth of rough and polished precious rocks from January to June this year, reported.

From that total, rough diamonds sales totalled $2.442 billion, while polished ones fetched $54.9 million, the company said, according to the report.

Alrosa Vice President Yury Okoemov said the company consider the seasonal slowdown of June officially over, adding the rough diamond market is back to being balanced, the report said.

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