Who owns Alrosa diamonds?

Who owns Alrosa diamonds?

the Russian Federation
ALROSA is the sector’s largest public diamond mining company. Its public float is 34%, with 33% owned by the Russian Federation.

Is Alrosa state owned?

WASHINGTON – Today the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Alrosa, a Russian state-owned enterprise (SOE) and the world’s largest diamond mining company, which is also responsible for 90 percent of Russia’s diamond mining capacity.

When were diamonds discovered in Russia?

The history of mining rough diamonds in Russia dates back to the 18th century, but sustained exploration began in the late 1930s. This was when Russian researcher Vladimir Sobolev published his paper on the geological similarities between South Africa and Siberia.

What is the value of Russian diamond?

The average diamond price per carat in Russia reached nearly 67.6 U.S. dollars in 2021. The price saw a decrease from the previous year, when it was measured at 72.3 U.S. dollars. Over the observed period, the highest diamond price was recorded at over 101 U.S. dollars in 2015.

What percent of the world’s diamonds come from Russia?

Approximately 30% of the total volume of diamonds produced worldwide come from Russian mines, 90% of which are owned by the state-backed diamond mining giant Alrosa, according to the US Treasury.

Who controls the world diamond market?

De Beers

Key people Mark Cutifani (Chairman) Bruce Cleaver (CEO)
Products Diamonds
Services Diamond mining and marketing
Revenue US$6.08 billion (2018)
Owners Anglo American plc (100%)

Who controls the diamond market today?

Market share of the leading diamond producers worldwide 2020 As of 2020, the Russian diamond mining conglomerate ALROSA had the largest market share of any diamond mining company in the world, with around 27.5 percent. De Beers accounted for a 23 percent of the diamond production market share.

Why are there so many diamonds in Russia?

Diamonds Beneath the Popigai Crater — Northern Russia This produces an impact that is powerful enough to vaporize rock, excavate a huge crater and blast millions of tons of ejecta into the air. The force at the point of impact exceeds the temperature and pressure required to produce diamonds.

Are there diamonds in Siberia?

Mirny is a diamond mining town in Siberia, Russia, about 280 miles (450 kilometers) from the Arctic Circle. Most of the town’s roughly 40,000 residents work for Alrosa, the world’s largest diamond miner by volume.