Since my last article, Alrosa (OTC:ARRLF) turned out to be a decent short-term trade idea – the stock went up from 65 rubles/share to almost 77, yielding more than 15% in just two weeks. Now, the share price has cooled down, but we got clear evidence of how sharply the stock reacts to strong diamond sales.
After a brief respite, the company may once again enter a tough period of weaker demand due to new anti-COVID-19 restrictions around the world. In the second half of the year, all eyes will be on sales dynamics in the US, which will determine the medium-term demand trend for the diamond market.
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