Alrosa Sales Slip Amid Sanctions Pressure

Alrosa’s revenue fell 6% year on year to RUB 156.76 billion ($1.93 billion) in the first nine months of 2025, reflecting weakness in the diamond market and ongoing sanctions against Russia.

However, net profit rose 27% to RUB 35.75 billion ($441.3 million) as the miner completed the sale of its Angolan assets in the first half of the year, it reported last Thursday.

Western sanctions have limited Alrosa’s ability to sell rough destined for the US, Europe and other key markets, exacerbating the effect of the overall downturn in the diamond sector.

The company no longer provides a breakdown of sales by country and did not clarify whether Gokhran, the Russian state gem repository, had bought any of its diamonds.

Alrosa’s revenue decline compares with a 10% increase in consolidated rough-diamond sales at De Beers for the same three quarters of the year.

“The company is caught in a ‘perfect storm’: an overvalued ruble, an industry crisis, and sanctions pressure,” said Russian bank BCS, which maintained a negative outlook on the miner. “As the company overcomes the crisis, it will gradually improve its financial results, leading to a revaluation.”

Image: Rough diamonds. (Alrosa)