Russian diamonds

Russian diamond giant Alrosa posts $134 million net loss as revenue drops 36%

Russia’s Alrosa, the world's largest diamond mining company, reported a net loss of 10.67 billion rubles ($134.1 million) for the first half of 2026, Interfax reported on July 31.

3 August, 12:50 PM

U.S. eases Russia sanctions, allows diamond imports

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) issued a general license temporarily authorizing imports of industrial diamonds from Russia on Aug. 27, lifting restrictions imposed in February 2024.

28 August 2025, 02:21 AM

Russia's Alrosa sells stake in Angola's Catoca to Oman Sovereign Fund subsidiary

Oman's sovereign wealth fund subsidiary, Taadeen, has acquired a 41% stake in Angola's Catoca diamond mine, previously owned by Alrosa, a Russian diamond giant and global industry leader, The Moscow Times reported on June 9.

9 June 2025, 04:25 PM

Botswana and Angola reshape diamond market to sideline Russia

Botswana and Angola have aligned with the G7's initiative to eliminate Russia's presence in the global diamond market, marking a significant step in enforcing sanctions introduced after the war outbreak, Politico reported on Dec. 2.

4 December 2024, 03:18 PM

Russian diamonds