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ACRA Has Reaffirmed Alrosa’s AAA(RU) Credit Rating With A Stable Outlook

ACRA Cited Miner’s Strong Operating Profile, Global Leadership, Solid Resource Base, High Profitability

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Russian rating agency ACRA has reaffirmed Alrosa’s AAA(RU) credit rating with a stable outlook, citing the miner’s strong operating profile, global leadership in diamond mining, solid resource base, high profitability, low debt levels, strong liquidity, and robust corporate governance.

ACRA noted that Alrosa’s confirmed reserves can support more than 30 years of operations at current production levels. It also expects tightening diamond supply to support price recovery in the medium term.

The agency highlighted Alrosa’s profitability, with FFO before interest and taxes at 28%, projected to rise to 30% between 2026 and 2028.

Pavel Marinychev, CEO, Alrosa, said:

“The high assessment of ACRA for the third year in a row confirms the sustainability of the Alrosa business model, the quality of the management system and the financial stability of the company. This is an independent confirmation that the chosen strategy remains effective even in conditions of external turbulence. Despite geopolitical uncertainty, the company maintains leadership positions, financial discipline and consistently fulfils all its obligations.”

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DiamondBuzz

Botswana Looks Beyond Rough Diamond Sales, Eyes U.S. Jewelry Market

The Duty Exemption By US Presents An Opportunity For Domestic Jewelry Manufacturers In Gaborone To Bypass Traditional Middle-Market Hubs and Establish A Direct Pipeline To American Consumers

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Grappling with a painful downturn in global rough-diamond demand, Botswana is pivoting its economic strategy: expanding up the supply chain directly into American retail shelves while leveraging its resource wealth to fund conservation and diversification.

Speaking on the sidelines of New York Climate Week, Bogolo Joy Kenewendo, Botswana’s Minister of Minerals and Energy, highlighted the southern African nation’s plan to capitalize on a 0% import-tariff rate to the U.S. market. The duty exemption presents an opportunity for domestic jewelry manufacturers in Gaborone to bypass traditional middle-market hubs and establish a direct pipeline to American consumers.

shift The push into value-added manufacturing comes as the world’s top diamond producer by value navigates a broader structural Diamond revenues have long formed the bedrock of Botswana’s post-independence balance sheet, underwriting universal secondary education and tuition-free university funding. However, recent market volatility has underscored the vulnerabilities of a mono-sectoral economy.

Under the Botswana Economic Transformation Programme (BETP)—an initiative spearheaded directly by President Duma Boko and his vice president—the government is directing resources toward manufacturing, agriculture, and broader mining sectors to reduce its heavy reliance on rough diamond sales.

To support its luxury exports, Botswana is recalibrating its brand narrative around origin, environmental stewardship, and social impact. The country recently announced a five-year extension of the “Okavango Eternal” partnership alongside De Beers Group and the National Geographic Society. The initiative aims to protect the ecological integrity of the Okavango River Basin while tying diamond purchases to conservation efforts.

With De Beers currently facing an impending ownership change, officials remain optimistic that any capital restructuring could bring additional funds into Botswana to accelerate its domestic economic transition.

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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