Russia’s Alrosa Suspends Operations at Less Profitable Diamond Mines

The decision affects deposits yielding under 1 million carats annually, as the company optimizes its operations amid shifting market conditions. Despite the suspension, Alrosa confirmed its production target of 29 million carats for 2025 remains unchanged.

The move follows the company’s earlier statement in November 2024, where it signalled potential production cuts and workforce reductions in response to market challenges.

Alrosa, one of the world’s largest diamond producers, has not specified how long the suspensions will last or if further adjustments will be made.