Alrosa did not lower rough diamond prices at its January trading session and sees no reasons for these to fall before the end of February, the Russian diamonds miner’s chief Andrei Zharkov told Interfax on the sidelines of the World Economic Forum in Davos on January 31, 2016.
“We left prices unchanged because we see no reason right now for them to fall, especially given the fact that they even rose slightly at the end of last year,” Zharkov said. Christmas sales figures for diamond jewelry proved fairly stable, and sales trended up in the United States, he said.
He said that limiting supply – which Alrosa was able to accomplish with long-term contract selection limits – stabilized the situation in the diamonds market.
“I’ll not venture to speak about the first half as a whole, but January and February, as we expect, will be fairly stable,” he said.
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