Alrosa Confirms Profitability in 2025 Despite Sanctions, Diamond Market Slump
Russian diamond miner Alrosa has confirmed that it remained profitable in 2025, despite ongoing international sanctions and a prolonged downturn in the global diamond market.
“2025 was a challenging year for the company,” said Aisen Nikolaev, head of Russia’s Sakha (Yakutia) Republic, during a meeting on Tuesday with Alrosa CEO Pavel Marinychev. “Nevertheless, Alrosa fully achieved its key production targets and continued to implement a strong social policy.”
Marinychev emphasized that the company continues to demonstrate industry-leading financial stability and profitability. Despite the combined pressures of sanctions and a global market crisis, Alrosa remained profitable—an outcome he described as “an exception in global diamond mining.”
The company reported that it met its full production plan for the year, producing 29.7 million carats of diamonds.
Alrosa also highlighted significant progress in expanding its core deposits and increasing its rough diamond resource base. These efforts are expected to sustain production for the next 25 to 30 years. Investments in the Udachny mine are projected to extend operations through 2055. In parallel, the company is advancing plans to transition the Mir-Gluboky site to underground mining and to further develop the Yubileynaya pipe and deposit.
Beyond diamonds, Alrosa is moving forward with the development of the Degdekan gold mine. The project is expected to reach annual production of 3.3 tonnes of gold by 2030.
The company is also expanding gold exploration activities in Yakutia—home to its primary diamond assets—as well as in several other regions across Russia.
Looking ahead, Alrosa expressed cautious optimism about the industry’s recovery.
“In 2026, Alrosa will focus on strengthening long-term sustainability, reinforcing its technological leadership, and preparing for a new growth cycle in the global diamond market,” the company said.
