About the company ALROSA
Security pageALROSA is the world's largest company by volume of diamond production. It operates mainly in Yakutia, where it mines by both open-pit and underground methods, and sells rough diamonds to cutters around the world. Its shares trade on the Moscow Exchange under the ticker ALRS.
What the company does
The company sells not jewellery but a raw material: rough diamonds, which other companies then cut and turn into polished stones. The buyers are cutting centres, above all Indian ones, and sales are made to long-term clients under contracts rather than on an exchange: diamonds have no single market quotation, because every stone is unique in size, colour and clarity.
This gives the industry its distinctive feature — the price is largely set by the producer itself, which regulates the volume of supply. When demand falls, the company can hold stones back in stock instead of selling them cheaper; this supports the price, but ties up working capital.
Production costs rise as the mines go deeper: open pits are converted into underground mines over time, and underground mining is more expensive.
Business lines
Diamond mining
Open pits and underground mines in Yakutia, as well as alluvial deposits.
Rough diamond sales
Supplies of rough diamonds to cutting companies under long-term contracts.
Geological exploration
The search for new deposits — for an industry with depleting reserves, this is a condition of survival.
History
- 1954–1955The first primary diamond deposits are discovered in Yakutia — the beginning of the industry in the country.
- 1992A joint-stock company is created, bringing together the diamond-mining enterprises.
- 2011–2013The shares are listed on the exchange; the state reduces its stake.
- 2020The pandemic brings jewellery retail to a halt — sales fall almost to zero, and the company builds up inventories.
- 2022–2024Sanctions against Russian diamonds and the introduction of mechanisms for tracing the origin of stones.
Business review
Strengths and weaknesses describe the business itself. Opportunities and threats describe what may happen around it.
Strengths
- First place in the world by production, and reserves that will last for decades.
- A well-established system of sales to long-term clients.
Weaknesses
- Competition from laboratory-grown stones, which put pressure on the price of natural ones.
- Sanctions and requirements to prove the origin of stones have made exports more complicated.
- Demand for luxury goods is the first to fall when the global economy worsens.
- An accident and the subsequent restoration of mines have already led to the loss of a significant part of production.
Opportunities
- The depletion of the world's deposits reduces supply — with demand holding steady, this supports the price.
- The growth of the middle class in Asia expands the jewellery market.
- The ability to manage supply: holding stones back is more profitable than selling at a loss.
- A weaker rouble increases rouble revenue when the raw material is priced in foreign currency.
Threats
- Sanctions and requirements to prove the origin of stones narrow the circle of buyers.
- Laboratory-grown diamonds are getting cheaper and taking away part of mass-market demand.
- Demand for jewellery is a discretionary purchase, and it is the first to fall when the economy worsens.
- The transition of open pits to underground mining structurally raises production costs.
Frequently asked questions
What does ALROSA do?
The company mines diamonds in Yakutia and sells the rough stones to cutting enterprises. The finished polished diamonds and jewellery are produced by the buyers of this raw material.
Why do diamonds have no exchange price?
Because every stone is unique: size, shape, colour and clarity differ from one to the next, and no two parcels are the same. That is why sales are made under contracts with each parcel valued separately, rather than at a single quotation.
Are lab-grown diamonds a danger to the company?
They have already taken part of the mass-market segment: a laboratory stone is physically almost indistinguishable and costs noticeably less. Natural diamonds hold their ground above all in the expensive segment, where origin matters.
Issuer profile
What the company does
The company is classified under the «Metals & mining» sector, using the taxonomy we apply when comparing securities with one another.
The same sector holds 27 issuers on the platform, and their figures are computed by one method — so this company's revenue, profit and leverage can be compared with them directly.
The company is registered in Russia and identified in regulatory disclosure by tax number 1433000147. That number locates its statements in state registries regardless of how its name is spelled — and the spelling differs even between official documents.
Listed securities
The issuer has 5 securities listed: 1 share class, 4 bond issues. All are shown on this page, including those trading in different modes and different currencies.
Across Moscow Exchange quotation list levels the securities split as follows: 5 at level 1. The level reflects how strict the disclosure, turnover and track-record requirements the issue meets are — not how attractive the investment is.
Bond issues
The nearest issue matures on 25 June 2027 and the farthest on 18 May 2029. That spread means the issuer borrows both short and long, and the yields of these issues will differ for the simple reason that the money is lent for different terms.
The largest issue by face value is RU000A108TV3, with a face value of 1,000.00 $ per bond, maturing on 25 June 2027. Bond prices in the order book are quoted as a percentage of face value, so a quote of 98.4 means 98.4 % of that amount rather than an absolute price.
Dividend history
Between 2015 and 2024 the issuer made 13 payouts whose record date has already passed. A board recommendation or a forecast does not enter this history, because no money has been paid on them yet.
The most recent payout was 2.49 ₽ per security with a record date of 19 October 2024. That is the amount before tax: the broker withholds it on crediting, so less arrives in the account.
Financial statements
The most recent annual report we hold is for 2025 under IFRS. The standard is named for a reason: IFRS and RAS compute the same quantities by different rules, disagree by design and are never averaged.
Revenue for 2025 was 235.10B ₽.
That is 1.7 % less than in 2024, when revenue was 239.10B ₽. The comparison stays within one reporting standard — otherwise the decline could turn out to be a change of accounting rules and nothing more.
Net income for 2025 was 36.20B ₽.
Of every unit of revenue, 15.4 % remained as net income. This is the ratio of two figures already named above rather than a separate line from the report: comparing it across companies is meaningful only within one sector and one reporting standard.
Equity stands at 406.40B ₽ against total assets of 699.50B ₽. The difference between the two is the company's liabilities, and the larger it is relative to equity, the more the business depends on borrowed money.
This section is assembled from our own data on the company's securities, dividends and financial statements. It is a description, not a recommendation.