Alrosa: Rough Diamond Shortage Could Last for Years

In a recent interview with the Financial Times quoted by IDEX Online, Evgeny Agureev, Alrosa’s deputy CEO, warned that “the current shortage of rough diamonds could persist for several years.”

 

Credit: Alrosa

 

Agureev said: “Our industry will work with limited supply. There are projects, but these projects will not provide goods next year or the year after.” 

 

Diamond Sorting
Credit: Alrosa

 

Recently, Alrosa has been buying rough from Gokhran, Russia’s state-run mineral repository, in order to “top up its historically low inventory and maintain supplies to buyers.” According to Agureev, following Covid lockdowns, ramping up production at remote mines could take many months.

The post Alrosa: Rough Diamond Shortage Could Last for Years appeared first on Israeli Diamond.