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Article: Alrosa


History and Structure

  • Alrosa's history dates back to 1954 with the discovery of the first primary deposit of diamonds in the Soviet Union.
  • In 1955, several more primary diamond sources were found, including the Mir and Udachnaya pipes.
  • Mining and production operations began in 1957, and the first commercial-grade diamonds were recovered the same year.
  • The diamond mining industry developed on the basis of the Mir open-pit mine and adjacent alluvial deposits during the Soviet period.
  • In 2009, Alrosa started independently distributing its rough diamond production on the world market.
  • As of 2017, Alrosa was the largest public diamond mining company in the sector.
  • The company has a public float of 34% and is 33% owned by the Russian Federation.
  • In 2017, Alrosa's market capitalization was RUB 553 billion (US$9.6 billion).
  • The European Union sanctions froze Alrosa's assets in Europe and imposed a travel ban on its CEO.
  • Alrosa is responsible for approximately 90% of Russia's diamond production.
  • The Russian Federation owns 33% of Alrosa.
  • Alrosa has a public float of 34%.
  • In 2017, the company's market capitalization was RUB 553 billion (US$9.6 billion).
  • The largest buyers of Alrosa's shares during its IPO were U.S. investors, followed by European investors.
  • Investment funds Oppenheimer Funds Inc. and Lazard Ltd. purchased over 2% of the stake during the IPO.

Sanctions and International Relations

  • In 2022, economic sanctions were implemented against Alrosa in response to Russia's invasion of Ukraine.
  • The US announced sanctions against Alrosa on February 24, 2022.
  • The European Union imposed sanctions on Alrosa and its CEO on January 3, 2024, freezing its assets in Europe and prohibiting funds from EU citizens and companies.
  • Despite the sanctions, diamond-cutting companies in Antwerp, Belgium, continue to import from Alrosa, albeit at a lower volume.
  • The EU also prohibited the import, purchase, or transfer of Russian non-industrial natural and synthetic diamonds and diamond jewelry.
  • The United States imposed sanctions on Russia, including ALROSA, in February 2022.
  • Belgium's trade in Russian diamonds continued despite moral pressure.
  • The European Union targeted ALROSA as part of sanctions against Russia.
  • Yakutia, a region in Russia, has no plans to privatize its stake in ALROSA.
  • Sergey Ivanov was elected as the President of ALROSA.

Social and Environmental Responsibility

  • In 2017, Alrosa implemented over 500 social and charitable initiatives, with over 70% implemented in Yakutia, its key region.
  • The company has invested over 4.5 billion rubles in the Target Fund for Future Generations of the Republic of Sakha (Yakutia) since 2011.
  • Alrosa was ranked among the top three in the environmental responsibility rating of Russian mining and smelting companies in 2017.
  • The company signed a memorandum of cooperation with the Gem & Jewelry Export Promotion Council in 2017.
  • According to a PwC study in 2017, Alrosa is a leader among diamond mining companies in terms of investments in social programs, spending on average 2.8% of its revenue.
  • ALROSA had over 500 social and charitable initiatives in 2017.
  • The company leads in social investments and sustainability ratings.
  • ALROSA's corporate transparency has been recognized by Transparency International.
  • The company is committed to indigenous rights in the Arctic.


  • Alrosa has production facilities in Western Yakutia and the Arkhangelsk region.
  • The company is developing 27 fields, consisting of 11 primary and 16 alluvial deposits.
  • Primary deposits are developed through open-pit, alluvial operations, and underground mining.
  • Alrosa has four mining and processing divisions in the Republic of Sakha (Yakutia): Mirny, Aykhal, Udachny, and Nyurba.
  • Other deposits are developed through subsidiaries: OJSC Alrosa-Nyurba, JSC Diamonds Anabara, and JSC Severalmaz.
  • OJSC Almazy Anabara is a subsidiary of Alrosa, involved in alluvial diamond mining.
  • Sociedade Mineira de Catoca (Catoca Ltd.) is a mining company in Angola, with 32.8% shares owned by Alrosa.
  • Public Joint Stock Company Severalmaz is engaged in the development of the Lomonosovskoye deposit in the Arkhangelsk Region.
  • Public Joint Stock Company ALROSA-Nyurba holds mining licenses for the Nyurbinskoye and Botuobinskoye primary deposits.
  • Nyurba Mining & Processing Division (MPD) operates the ALROSA-Nyurba projects under a services agreement.

Sales and Financial Results

  • Alrosa's trading policy is regulated by joint regulations with the Federal Antimonopoly Service of Russia.
  • In 2012, Alrosa signed a long-term agreement with Tiffany & Co.'s subsidiary, Laurelton Diamonds, for the supply of rough diamonds.
  • Tiffany & Co. can annually purchase rough diamonds worth at least $60 million under the agreement.
  • Alrosa actively supports the goals and requirements of the Kimberley Process and refrains from supplying rough diamonds to entities that do not comply with its standards.
  • Alrosa also considers factors such as compliance with international certification schemes, tax and customs requirements, and accurate information provision.
  • In 2017, Alrosa produced 39.6 million carats of diamonds, exceeding the year's target by 6%.

Alrosa Data Sources

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