Gem Demand Seen Stabilizing as Alrosa Reports Record Profit
- Alrosa’s net income more than doubled during first quarter
- Hong Kong listing yet be studied; not option for upcoming sale
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Alrosa PJSC, the world’s largest rough-diamond producer, sees demand for polished gems and jewelry stabilizing this year and will look to maintain prices as the market recovers.
“Cutting prices doesn’t mean increasing demand in this market,” Chief Executive Officer Andrey Zharkov said in an interview in Moscow on Monday. “The price-over-volume rule is the basis of our pricing policy.”