DiamondBuzz
Alrosa confirms it is suspending production at its low-margin mines

Alrosa has confirmed that it is suspending production at its low-margin mines amid what it calls a “deep crisis” in the industry. The sanctioned Russian miner said last November it was considering such a move, but would wait and see what happened to rough prices.
Mining at the Verkhne-Munskoye deposit’s Zapolyarny and Magnitny open pits will now be suspended from June 15, and at alluvial deposits in the Anabar River valley – Khara-Mas and Ochuos, operated by Alrosa’s subsidiary Almazy Anabara – from April 1.
The suspension of activity at all deposits producing under 1m carats will reduce direct costs by $107m (RUB 9bn) during the year, the company said in a statement. They account for 3 per cent of Alrosa’s total output.
Alrosa also said forecast production for 2025 would remain unchanged at 29m carats. Ore already mined at the smaller deposits would ore mined at the deposits continue to be milled until next year, it said.
Earlier this month Alrosa reported a 77 per cent slump in profits for 2024 (down to $223m) after G7 sanctions were tightened last March to include Russian goods regardless of where they were cut and polished. The company has said it could lay off some of its 35,000 workers and ii is expected to offload more of its diamonds to Gokhran, the state-run depository.

DiamondBuzz
De Beers brings Diamonds and Glamour to London

Insiders suggest a star-studded journey to London might be on the cards. But why London? Beyond its glittering reputation as a global hub for jewellery and fashion, whispers point to something far more dazzling — De Beers is set to host a major showcase in the city.
This year, De Beers Group makes its grand debut at Frieze London, marking a landmark moment where the world of natural diamonds meets the world of art. In collaboration with Frieze Masters, the brand will unveil Voyage Through the Diamond Realm — an immersive experience said to capture the mystery, beauty, and brilliance of natural diamonds like never before.
To bring this vision to life, De Beers has invited India’s leading style and art connoisseurs, including Twinkle Khanna, Ananya Panday, Sara Tendulkar, Karan Johar and many more. Known for their refined taste and appreciation of art and design, these tastemakers are the perfect ambassadors to experience natural diamonds in a whole new light — where every facet tells a story of time, pressure, and perfection.
While details remain under wraps, those close to the brand hint that the experience will be nothing short of transformative — a moment where science, storytelling, and rarity converge to celebrate nature’s most extraordinary creations.
One thing’s certain: when De Beers Group meets Frieze London, the city is bound to shine a little brighter — and perhaps, so will those boarding that flight.
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