DiamondBuzz
Russia could buy more of Alrosa’s excess rough production
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
DiamondBuzz
Motorsport Meets High Jewellery: Hannah St John Turns Heads with ‘La Velocita’ Diamond Necklace at F1 Event
A 25-carat, 1,800-diamond Masterpiece Inspired by Formula 1 circuits Takes Centre Stage at the Glamour on the Grid ahead of the Australian Grand Prix
At the glamorous lead-up to the Australian Grand Prix, Hannah St John, partner of Liam Lawson, made a striking statement at the Glamour on the Grid event with a one-of-a-kind diamond necklace that seamlessly blended motorsport and haute jewellery.
Titled “La Velocit” (The Speed), the necklace was crafted by Australian atelier Martin Rogers Jewellery. The extraordinary piece features approximately 1,800 diamonds totalling 25 carats, intricately arranged to trace the outlines of iconic Formula 1 circuits from the global racing calendar.
A true testament to craftsmanship, the necklace required an estimated 250–300 hours of meticulous handwork, including weeks dedicated solely to precision diamond setting. Valued at around AUD $500,000 (approximately $350,000 USD), the piece stands as a bold fusion of speed, design, and luxury artistry.
Blurring the lines between engineering inspiration and fine jewellery, “La Velocità” captured attention across the paddock, proving that Formula 1’s influence extends far beyond the track.
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National News1 day agoAKSHAY TRITIYA 2026 – Healthy Footfalls, Jewellery Sales Across India, Estimated 18–20 Tonnes Of Business Recorded
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National News21 hours agoAkshaya Tritiya 2026:Indian Consumers Balanced Record-High Prices With Age-Old Traditions
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DiamondBuzz1 day agoMotorsport Meets High Jewellery: Hannah St John Turns Heads with ‘La Velocita’ Diamond Necklace at F1 Event
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