Coronavirus brings diamond sales to an almost complete halt ...United Arab Emirates

Russia Today - Economy
Coronavirus brings diamond sales to an almost complete halt
source : Russia Today ( United Arab Emirates ) () 70
A leading global diamond producer, Russia’s ALROSA, is reporting that its sales were down tenfold in one month alone, as the impact of Covid-19 ripples through the global economy and supply chains. In April, ALROSA sold a total of just $15.6 million-worth of rough and polished diamonds. This is down from over $152 million a month earlier and from $400 million in sales in the beginning of the year.  “Restrictions imposed to fight the coronavirus and a decline in demand for diamond jewelry have minimized the trade in rough and polished diamonds across the world,” Evgeny Agureev, Deputy CEO of ALROSA, said in a statement. 

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