“Production of the Russian diamond producer Alrosa this year fell by 4.6% to 33 million carats.”, — write: epravda.com.ua
Production of the Russian diamond producer Alrosa this year fell by 4.6% to 33 million carats. Reuters writes about it. Alrosa, the world’s largest rough diamond producer by volume, last month announced plans to halt some production in 2025 and cut staff as it struggles with low global prices. It is noted that in 2023 it reduced production by 2.8% to 34.6 million carats.Advertisement: For Alrosa, the global industry crisis is exacerbated by the ban on the sale of Russian diamonds to the G7 countries and the EU. The regional government said that, despite the crisis, “Alrosa” will pay more taxes to the regional budget in 2025. “Despite the ongoing price crisis on the global diamond market and the preservation of sanctions pressure, the company’s financial plan for 2025 provides for an increase in deductions to the republic’s budget,” the company said in a statement. We will remind:Advertisement: In September, Russian supplies to India, the largest processing center in the world, fell by 96%, or almost 25 times, compared to the same period in 2023. Russia has been reducing its export of rough diamonds for two years in a row, the volume of exports during this time has fallen by more than a third.