Russia's Alrosa diamond producer says it has paused production at less profitable mines - Finance news and analysis from Global Banking & Finance Review

Editorial & Advertiser disclosure

Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Finance

Russia's Alrosa diamond producer says it has paused production at less profitable mines

Published by Global Banking & Finance Review

Posted on March 18, 2025

1 min read

· Last updated: March 18, 2025

Add as preferred source on Google

Alrosa Halts Production at Less Profitable Diamond Mines

MOSCOW (Reuters) - Russian diamond producer Alrosa announced on Tuesday that it had decided to temporarily suspend operations at its less profitable deposits.

The suspension will affect deposits with an annual production of less than 1 million carats, it said.

The company said it still planned to produce 29 million carats of diamonds in 2025

In November 2024, Alrosa said that it might suspend some production in 2025 and reduce staff.

(Reporting by Anastasia Lyrchikova; Writing by Maxim Rodionov; Editing by Andrew Osborn)

Key Takeaways

Alrosa suspends operations at less profitable mines.
The pause affects deposits producing under 1 million carats annually.
Alrosa plans to produce 29 million carats by 2025.
Potential production suspension and staff reduction in 2025.
The decision reflects strategic adjustments in the diamond market.

Frequently Asked Questions

What is the main topic?

The main topic is Alrosa's decision to pause production at its less profitable diamond mines.

Why is Alrosa pausing production?

Alrosa is pausing production at mines producing less than 1 million carats annually to focus on more profitable operations.

What are Alrosa's future production plans?

Alrosa plans to produce 29 million carats of diamonds by 2025 despite the current suspension.

ETM seeks other Spanish mines as it waits for Greenland rare earth resolution

SNB to keep rates at 0% this year and probably in 2027, economists say: Reuters poll

UK stocks edge higher as US-Iran peace deal boosts sentiment

Sterling nudges higher as US and Iran agree on preliminary deal

AT&S invests up to €2 billion in Malaysia plan to capitalise on AI boom

Stellantis will not close Italian plants, country key to future plans, Europe chief says

More from Finance

Explore more articles in the Finance category

French wine exporters say Trump's latest tariff threat is bad news

Energy shares fall as Iran deal lowers Hormuz disruption risk

Portugal central bank keeps 2026 growth view, trims budget gap forecast

German finance minister proposes income tax cuts, higher rate for top earners, Spiegel reports

Goldman-backed Danish energy trader eyes US gas expansion as results plummet

Turkey's foreign minister to visit Moscow for talks on Ukraine, Black Sea

Rightmove reports biggest June house price fall in 14 years

Commerzbank CEO 'taken aback' by UniCredit claims

France picks Safran, MBDA to build new long-range rocket

Israel expects new air defence orders from Europe due to Russia concerns

Factbox-How will the UK ban on social media for under 16s work?

Daimler Truck launches new defence brand backed by multimillion-euro investment

View All Finance Posts