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Alrosa considering to establish diamond polishing facility in India

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Alrosa is reportedly considering a move to establish its own diamond polishing facility in India located in Surat or Jaipur, at an estimated cost of $50m, and it would represent Alrosa’s first overseas expansion, according to the Economic Times.

Alrosa, the world’s largest diamond producer by volume, currently focuses on rough diamond extraction and sales, with limited domestic polishing in Siberia and Moscow targeting smaller stones for local markets. A $50 million plant in Surat or Jaipur would mark its first overseas manufacturing venture, tapping into India’s dominance in 90% of global diamond cutting and polishing. This downstream expansion aims to boost efficiency, scale, and direct access to skilled labor and international buyers, reducing reliance on intermediaries.

India’s booming jewelry market, fueled by a rising middle class and double-digit growth, positions it as the second-largest diamond consumer after the US. The move could help Alrosa navigate sanctions, US tariffs, and “Russian origin” scrutiny by polishing abroad, easing entry into key markets. Beyond polishing, plans include co-branded luxury jewelry lines and blockchain traceability, fostering deeper ties with Indian manufacturers.

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DiamondBuzz

Big, Slightly Tinted Diamonds: Object Of Desire In The US Market

Buyers Of 2.5-Carat and Up Pieces Are Increasingly Choosing Stones With J Color Or Lower, Sometimes Much Lower On The Color Scale

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Big, slightly tinted diamonds are suddenly the object of desire in the US — and the industry is asking why.

Buyers of 2.5-carat and up pieces are increasingly choosing stones with J color or lower, sometimes much lower on the color scale, say retailers and traders. That shift signals more than a fashion tweak: it reflects how affluent shoppers now want their diamonds to read as “natural” at a glance.

 Lab-grown gems typically come in the brightest, clearest grades, so a warmly hued, imperfect-looking stone has become a visible badge of authenticity — a deliberate antique vibe in a polished world where synthetics dominate. No surprise: The Knot reports that 61% of U.S. couples now pick lab-grown rings.

A report explores who’s buying these larger, lower-color stones, how cultural moments and celebrities — think Taylor Swift — helped fuel the taste for them, and why antique cuts seem particularly suited to carrying color. The piece also ties this appetite to broader marketing narratives, including De Beers’ push for so-called “Desert diamonds.”

It’s not all doom and gloom for mined diamonds. Larger sizes — especially 2 carats and above and long fancy shapes — have held up better than smaller goods over the past year. The report isolates this rising niche and asks the key question: can these warm-toned showstoppers withstand the continued rise of lab-grown competition?

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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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