Alrosa slashes diamond output by 14% to steady volatile markets in 2026
Alrosa, the world’s largest diamond producer, is cutting output by 14% in 2026. The move aims to balance supply and demand in a shifting global stock market. Last year, the company supplied nearly a third of all diamonds mined worldwide. The reduction comes as trade restrictions on Russian diamonds create new challenges. Regulatory changes in the EU and US have also delayed or adjusted import rules for the industry. Alrosa will mine between 25 and 26 million carats in 2026, down from 29.7 million in 2025. The company confirmed it would meet its 2025 target by year-end. Once stock market conditions improve, production could return to 29–30 million carats annually. The EU has delayed its tracking system for Russian diamonds until January 2026. Meanwhile, the US Treasury extended a licence for importing Russian-origin diamonds under strict conditions until September 1, 2026. These measures follow a G7 ban on Russian-mined or processed stones. With lower output, Alrosa will rely more on diamonds from Botswana, Namibia, and South Africa. The company’s strategy now focuses on sustainability, technological upgrades, and preparing for future stock market growth. Alrosa’s adjustments reflect broader industry shifts. The producer remains a key player, even as trade policies and demand fluctuations reshape the diamond sector. The 2026 production cut marks a deliberate step to stabilise the diamond stock market. Alrosa’s move aligns with regulatory changes and shifting supply chains. For now, the company will monitor stock market demand before restoring higher output levels.
