At the same time, Russia’s share of world exports in natural terms remained at 11%, and financially reduced to 9%.
The supply of Russian diamonds in the world market market in 2024 has reduced to the lowest level for a decade. About this writes Moscow Times on Tuesday, June 3.
Russia exports 30.37 million carats – it is 6.27% less than last year, and even below the 2015 indicator, if there are first penalties due to Crimea’s integration.
In financial terms, the volume of exports fell further – by 28.6%, up to $ 2.62 billion. This is because not only the decline of volumes, but also a collapse of prices for Russian diamonds.
In 2024, Carat from Russia costs an average of $ 86.36, 24% cheaper than a year before. For comparison, the average world price has only reduced by 10%, up to $ 105.33 per carat.
At the same time, part of Russia in the world’s exports of natural terms remained at 11%, and financially it fell from 10%to 9%. The country provided 32% of the world’s labor – 37.32 million carats.
Keep in mind that Russia Alrosa’s major diamond company against the background of the industry crisis has suspended the development of the least profitable properties and reduced staff.
In Russia, they found the largest diamond in history
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.