ALROSA is the world’s leading diamond mining company in terms of carats, accounting for 26% of global diamond production and about 90% of Russia’s overall diamond output. The company operates in the Republic of Sakha (Yakutia), the Arkhangelsk region, and in Africa. In 2019, ALROSA produced 35.5 million carats of rough diamonds. Revenue from sales amounted to 215.4 billion rubles.
ALROSA was established by the decree of the President of the Russian Federation through the establishment of the joint stock company Almazy Rossii – Sakha, dated 19 February 1992 (Decree 158С). Today, the company has 34% shares in free float. The Russian Federation, Yakutia and its municipalities account for 66%.
Production and resource base
ALROSA is engaged in exploration, mining and sale of rough diamonds. The company operates 12 kimberlite pipes and 16 alluvial deposits. We use the most advanced scientific knowledge and state-of-the art technology available worldwide. We build on our unique technological experience of mining in the harsh climate of the Russian Far North.
ALROSA has its own advanced exploration complex, allowing us to maintain and expand our proven reserves. According to Russian standards, the company’s reserves exceed 1 billion carats. Gem and near-gem quality diamonds account for about 70% of production in volume terms and about 98% by value. The company also has exploration projects in Africa.
ALROSA also has its own diamond cutting facility. The сompany is reviving its three-century brand of Russian cut diamonds. "Diamonds of ALROSA" division employs Russia's best masters to keep the Russian jewelry traditions. The famous Dynasty collection of diamonds was created here. In 2019, Smolensk-based Kristall, the largest producer of polished diamonds in Europe, joined the ALROSA Group.
ALROSA's sales system is based on long-term contracts with manufacturers of polished diamonds and jewelry. Such contracts account for 75% of the company's sales.
The main principle of ALROSA's trade policy is to ensure equal access to rough diamonds for all customers.
ALROSA's sales and representative offices are located in the world's major diamond trading centers: Antwerp, Ramat Gan, Dubai, Hong Kong, New York and Mumbai.
ALROSA considers partnership with industry's organizations to be very important in the context of exchanging information and increasing market transparency. The company signed Memorandums of Understanding with Antwerp World Diamond Centre (AWDC), Gem & Jewellery Export Promotion Council (GJEPC), Dubai and Israel Diamond Exchanges (DDE and IDE), Diamond Dealers Club of New York (DDC).
The company provides consistently high dividend and total return for shareholders. In the 2018, Leaders in Value Creation rating of Boston Consulting Group ALROSA ranked second among global mining companies with market capitalization above USD 4 billion in total shareholder return (TSR). The market capitalization of the company by the end of 2019 amounted to 621 billion rubles.