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

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. 

Read More Details
Finally We wish PressBee provided you with enough information of ( Coronavirus brings diamond sales to an almost complete halt )

Also on site :

• What is financing for development?
• South Africa Secures $2.2 Billion To Help Transition Away From Coal
• The 5 best-run cities in America — and the 5 worst-run cities