DiamondBuzz
JA, key industry persons met Washington officials on concerns about Russian sanctions
Jewelers of America (JA) and key industry figures met with lawmakers in Washington, DC, last week to express their concerns about plans for sanctions on Russian diamonds.
Jewelers of America (JA) and key industry figures met with lawmakers in Washington, DC, last week to express their concerns about plans for sanctions on Russian diamonds.
“JA has been working tirelessly behind the scenes, and this visit to Washington, DC, was a critical step to ensure we minimize unnecessary disruptions to the US diamond industry,” JA president and CEO David Bonaparte said in a statement Tuesday. “We are very concerned about the additional requirements that could take effect on September 1.”
These would include adopting a European Union proposal forcing all 0.50-carat and larger diamonds destined for Group of Seven (G7) markets to pass through a single import channel in Belgium, Bonaparte noted.
JA supports efforts to keep diamonds of Russian origin out of the supply chain, including the more stringent rules that went into effect on March 1, it said. These require importers to self-certify that diamonds of 1 carat or larger are not Russian, notwithstanding their having been manufactured in a third country.
However, mandating physical verification and certification in Belgium for all rough diamonds “would cause maximum damage to the global diamond and jewelry supply chain, while having minimal effect on Russia’s diamond revenues,” JA argued in the statement.
Joining Bonaparte on the visit were Jon Bridge, chairman and counsel emeritus at Ben Bridge Jeweler; Dave Meleski, president and CEO of Richline Group; Matthew Swibel, vice president for sustainability and social impact at Signet Jewelers; and Ronnie VanderLinden, immediate past president of the Diamond Manufacturers Importers Association of America (DMIA) and president of the International Diamond
DiamondBuzz
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
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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