The world’s largest diamond miner by volume, Russia’s Alrosa, has sold about $700-million worth of diamonds less in the first five months of this year, than in the same period last year, highlighting the pressure that the diamond market is under amid a supply glut.
Sales for the January to May period amounted to $1.59-billion, comprising rough diamonds of $1.56-billion and polished diamonds of $24.1-million. This compares with total sales of $2.3-billion in 2018 and $2.13-billion in 2017.