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Russia could buy more of Alrosa’s excess rough production

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Russia’s finance ministry is thinking about buying more rough diamonds from Alrosa, the country’s biggest diamond mining company. This comes after Alrosa’s sales dropped by 42% in the first part of 2025, down to $709 million. The main reasons for this drop are Western sanctions, less demand for natural diamonds, and more people buying lab-grown diamonds instead.

Finance Minister Anton Siluanov said the government might buy Alrosa’s unsold diamonds for Gokhran, which is Russia’s state treasure of precious metals and gems. This isn’t the first time they’ve done this-Russia has bought diamonds from Alrosa before to help the company during tough times.

Alrosa’s sales have fallen sharply from $1.15 billion in Q1 2021, before the Ukraine conflict triggered sweeping G7 and EU sanctions. The company has responded by suspending operations at less profitable deposits and planning staff cuts as inventories and debt rise. Government support through Gokhran purchases could help stabilize the miner as market challenges persist.Because of these problems, Alrosa has also had to pause work at some of its less profitable mines and plans to reduce staff. Government support by buying diamonds could help Alrosa survive while the diamond market is struggling

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DiamondBuzz

De Beers brings Diamonds and Glamour to London

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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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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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