Alrosa has reported early signs of a reversal in the negative trend across the global diamond and jewellery market, indicating that the sector may be entering a phase of stabilisation after a prolonged downturn.
The company said market conditions are gradually improving, supported by a better balance between supply and demand. The shift follows a challenging period marked by weak trading activity, excess inventories and sustained pressure on prices.
Commenting on the development, Alrosa CEO Pavel Marinychev said, “Demand and prices for large diamonds and diamonds weighing more than 3 carats stabilised last year. In recent months, against the background of a decrease in world production, the shortage of rare and large stones used in the manufacture of diamonds with high investment value — weighing from 2 carats and above — is becoming increasingly noticeable.”
Alrosa noted that industry participants are adapting production and sales strategies to align with current demand levels, which is helping restore equilibrium. The company also highlighted structural supply constraints and disciplined output as key factors aiding the recovery.
At the same time, it cautioned that the improvement remains gradual and uneven, with full stabilisation expected to take time. Sustained recovery, it added, will depend on continued coordination between supply and demand across the sector.
Overall, Alrosa’s assessment suggests that the diamond market is moving into a transitional phase, with early indicators pointing towards renewed stability after several years of weakness.
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