The authorities in Yakutia expect global demand for diamonds to begin to recover in 2026. This was announced by the governor of the region, Aisen Nikolaev, in his address to the State Assembly of the republic.
“Despite temporary difficulties, I am confident in the long-term development of ALROSA. Next year, we expect global demand for diamonds to begin to recover,“ said Nikolaev.
He expects the high level of management and the actions of shareholders to lead the company to achieve the goals of the production and social program. “Work on promising investment projects will resume.“ “The basis for this is in place“, he said.
ALROSA carries out mining activities in the Republic of Sakha (Yakutia) and the Arkhangelsk Oblast. The company is engaged in the exploration, production, sale and cutting of rough diamonds. The Russian Federation owns 33.03% of ALROSA's shares, the Republic of Sakha (Yakutia) owns 25%, and the administrations of the regions (uluses) of the republic where the company operates own 8%. Approximately 34% of the company's shares are in free float.