Alrosa
Alrosa is the world’s largest diamond producer by volume and a key driver in the global natural diamond market, making its operations — and challenges — directly relevant to UK jewellery trade professionals. Jewellery Focus provides detailed coverage of Alrosa’s activities, including production forecasts, output fluctuations, market trend impacts, and the implications of geopolitical pressures such as sanctions. Our reporting helps jewellers, suppliers, and manufacturers understand how shifts in Alrosa’s supply strategies influence diamond availability, pricing, and sourcing decisions in the UK.
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Oct- 2024 -10 OctoberManufacturers
Diamond prices decline in September
Diamond prices dropped in September as the market continued to suffer from an oversupply, according to Rapaport’s RapNet Diamond Index. As a result, Indian manufacturers reduced rough-buying and polished production to rebalance supply and demand. This adjustment also led to a decline in polished inventories, but will take a few…
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Jan- 2024 -3 JanuaryManufacturers
Russian diamond producer Alrosa added to EU sanction list
The world’s biggest diamond producer Alrosa and its CEO Pavel Alekseevich Marinychev have been added to the European Union’s sanction list. In a post on social media platform X, Josep Borrell, foreign policy chief, said: “In line with the diamond ban we have introduced with the 12th package of sanctions,…
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May- 2022 -10 MayNews
RapNet bans Russian diamonds
RapNet, the diamond trading network, has banned Russian diamonds from its platform amid the country’s ongoing attack on Ukraine. According to Rapaport, the ban applies to all diamonds sourced from Russia after 24 February 2022, and it includes polished diamonds manufactured outside of Russia from Russian rough diamonds. All in…
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Apr- 2022 -1 AprilTrade Organisations
RJC executive director steps down amid ongoing Russia conflict
The Responsible Jewellery Council’s (RJC) executive director, Iris Van der Veken, has reportedly resigned from her role following the organisation’s handling of Alrosa’s membership during the Russia-Ukraine war. According to Rapaport News, Van der Veken handed in her resignation letter to the board of directors on Wednesday (30 March) as…
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1 AprilRetailers
Lubrusan Studio calls for Russian diamond boycott
Lebrusan Studio has called on the jewellery industry to join in taking an active stance against Russian conflict diamonds. The global diamond industry is worth tens of billions of dollars, and Russia – the world’s leading diamond producer – accounts for around 30% of that market. The majority of Russian…
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Mar- 2022 -11 MarchManufacturers
Alrosa suspends Natural Diamond Council membership
The Natural Diamond Council (NDC) has announced that Alrosa has stepped down from the board and will cease all financial contributions to the organisation amid the ongoing crisis in Ukraine. The NDC said its board of directors of the Natural Diamond Council received Alrosa’s decision to suspend its membership last…
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7 MarchManufacturers
Alrosa steps down from Responsible Jewellery Council board
The Responsible Jewellery Council (RJC) has announced that Alrosa has voluntarily stepped down from its position as vice-chair, temporarily leaving the board of directors. The decision was communicated to the RJC board of directors during the meeting on March 3rd. The RJC said Alrosa “stays committed” to the RJC’s standards…
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Feb- 2022 -8 FebruaryManufacturers
Alrosa boosts its sales performance
Alrosa has announced its project to boost its sales division’s performance has resulted in the company reducing the amount of diamonds in the work-in-progress inventory by 4.3 million carats by the end of 2021, freeing up rough diamonds valued at over $300m (£221.37m) for sale. Alrosa said the project to…
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Jan- 2022 -14 JanuaryManufacturers
Alrosa FY21 diamond sales spike 50% to £3bn
Alrosa has reported its sales of rough and polished diamonds for FY21 reached $4.16bn (£3.03bn), up by 50% compared to 2020 levels and up 21% from 2019. The total includes proceeds from rough diamond sales of $3.97bn (£2.89bn), and polished diamond sales of $192m (£139.87m). Meanwhile, the group’s December sales…
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Dec- 2021 -13 DecemberManufacturers
Alrosa diamond sales surge 71.7% to £2.95bn
Alrosa has reported its total rough and polished diamonds sales increased by 71.7% in the first 11 months of 2021, up to $3.91bn (£2.95bn) from $2.28bn (£1.72bn) in 2020. This total includes $3.73bn (£2.81bn) of rough diamond sales and $179m (£134.95m) of polished diamond sales. Meanwhile, the company’s rough and…
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