Reporting rough diamond sales of $354.4 million along with polished worth $10.6 million in June this year, Russian diamond mining major ALROSA said it had reduced its inventory over the first half of this year due to positive rough diamond market trends.

ALROSA reported that its inventory — predominantly small and inexpensive goods — had a significant impact on its sales structure.

“We consider the existing rough diamond market environment to be stable, though we saw a seasonal slowdown by the end of June,” said ALROSA Vice President Yury Okoemov.

Sales of rough for the first six months of this year totalled $$2.44 billion, while polished sales for the period amounted to $54.9 million.