Morris and Watson
advertisement
Morris and Watson
advertisement
Morris and Watson
advertisement
Goto your account
Search Stories by: 
and/or
 

News












Alrosa is responsible for approximately one-third of the world’s diamond supply, however, the company has been excluded from much of the international market since early 2022. | Source: Alrosa
Alrosa is responsible for approximately one-third of the world’s diamond supply, however, the company has been excluded from much of the international market since early 2022. | Source: Alrosa

New leadership for Russian diamond mining giant

Russia’s diamond mining juggernaut, Alrosa, has confirmed that Pavel Marinychev has assumed the role of CEO following the departure of Sergey Ivanov.

Marinychev comes to the position having served as a government official for the Republic of Sakha (Yakutia). He has previously served as CEO of Alrosa’s Almazy Anabara project.

headshot-Pavel Marynichev-Alrosa
headshot-Pavel Marynichev-Alrosa
“I appreciate the trust placed in me by the Alrosa supervisory board. As CEO, I'll keep working to consolidate the company's dominant position on the global diamond market”
Pavel Marinychev, Alrosa

"I appreciate the trust placed in me by the Alrosa supervisory board. As CEO, I'll keep working to consolidate the company's dominant position on the global diamond market," he said in a statement.

"Our strategic objectives remain the same. We will develop our resource base, increase production efficiency and enhance management quality despite the challenging geopolitical environment.

"We will unquestionably continue our support of social and environmental projects in the regions of our operations."

Ivanov became CEO of Alrosa in 2016 and was scheduled to hold the role until at least 2025; however, he has been sanctioned by the US government in response to the invasion of Ukraine due to his relationship with Vladimir Putin.

Marinychev is expected to serve as chairman and CEO for at least three years. His election was unanimous.

Alrosa is responsible for approximately one-third of the world’s diamond supply, however, the company has been excluded from much of the international market since early 2022.

The company was added to the US Department of the Treasury’s Office of Foreign Assets Control Specially Designated Nationals list in April of last year.

More reading
Signet CEO says excluding Russian diamonds will prove fruitful
Russian leadership dismisses suggestions of sanctions
Reputations at stake as Russian diamond trade survives sanctions
Diamonds in the spotlight as new EU sanctions approach
Diamond mining CEO calls for further sanctions on Russia
Rumours suggest Ivanov to depart Alrosa
Diamonds likely spared in latest round of Russian sanctions
Diamond sales continue in secret, regardless of Russian sanctions

 











BECKS
advertisement





Read current issue

login to my account
Username: Password:
SAMS Group Australia
advertisement
Jeweller Magazine
advertisement
Rapid Casting
advertisement
© 2024 Befindan Media