DiamondBuzz
Structural challenges continue to weigh on the diamond sector:ICRA
A recent industry report by ICRA highlights a period of significant transition for the Indian diamond sector. While global trade dynamics remain fluid, exporters are increasingly looking toward strategic diversification to ensure long-term resilience against persistent market challenges.
The report indicates that the outlook for cut-and-polished diamonds (CPD) remains negative. This sector continues to face a complex landscape defined by:
- Structural Challenges: Persistent internal hurdles within the supply chain.
- Shifting Demand: Evolution in consumer preferences affecting traditional diamond sales.
- Increased Competition: Growing pressure from international players and alternative products.
DiamondBuzz
Alrosa Reports $130mn H1 Loss Amid Diamond Market Headwinds
The Company Cited Geopolitical and Macroeconomic Uncertainty, Western Sanctions, Shifting Jewellery Demand, Higher Gold Prices and Weaker Rough and Polished Diamond Sales As Key Challenges.
Russia’s state-controlled diamond miner Alrosa reported a 10.67 billion-ruble ($129.7 million) net loss in H1 2026, reversing a 39.03 billion-ruble profit a year earlier. Revenue plunged 36% to 74.16 billion rubles ($901.6 million), while gross profit fell to 4.62 billion rubles.
The company cited geopolitical and macroeconomic uncertainty, Western sanctions, shifting jewellery demand, higher gold prices and weaker rough and polished diamond sales as key challenges. Its operating loss widened to 5 billion rubles, while the pre-tax loss reached 14.08 billion rubles.
Adding to the pressure, Russia’s 8% export duty on unprocessed rough diamonds above 0.45 carats, postponed to March 2027, is expected to cut Alrosa’s profit by around 3.12 billion rubles ($37.9 million), further clouding the miner’s outlook.
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