By Swann Collins, investor, writer and consultant in international affairs – Eurasia Business News. October 29, 2025. Article no 1867.
The largest diamond in Russian history “New Sun” weighing more than 100 carats was presented to the attention of Yekaterinburg residents for the first time. The unique gemstone became the main star of the shows of investment-grade diamonds from the ALROSA Diamond Exclusive collection, which took place on October 23 at the Hyatt Regency Yekaterinburg.
The “New Sun” is the largest diamond in Russian history presented to the public, weighing over 100 carats. It is a vivid yellow gemstone with a rare fancy vivid yellow color, created through a meticulous two-year cutting process involving 15 of Russia’s top master cutters.
The diamond originated from a 236-carat rough stone discovered in 2020 at the Ebelyakh mine in Yakutia, Russia’s Far East. Using advanced 3D modeling and spectral analysis, the cutters optimized the shape to balance light, color, and depth, producing a gem with flawless proportions and a rich honey-golden hue.
“For the first time, ALROSA presented the New Sun diamond in April this year. Its creation has become one of the most significant events in recent years, emphasizing the high status of Russia in the global diamond jewelry industry. We are very pleased to demonstrate this unique diamond in the capital of the Urals and tell its story,” said Elena Sukhoveeva, head of the ALROSA Diamond Exclusive program.
The collection presented at the shows includes more than 20 rare investment-grade diamonds, including yellow ones, as well as several luxury investment sets — ready-made diamond compositions formed as independent investment assets. Each set contains from two to several diamonds, combined with each other in color, clarity, shape and proportions. Due to the precise consistency of parameters, sets are valued higher than the aggregate of individual diamonds with similar characteristics.
“Each set is not a random set of diamonds, but a complete composition with investment logic. Such sets are created in a single copy and provide a rare combination of high liquidity, a structured form of ownership and the potential for value growth,” commented Elena Sukhoveeva.
Guests of the shows had the opportunity to receive advice and recommendations from professional gemologists and consultants on diamond investments. In addition, ALROSA Diamond Exclusive experts organized an investment breakfast, where they talked about the specifics of investing in diamonds.
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ALROSA Diamond Exclusive diamonds are a quasi-currency asset: their value is denominated in dollars and tied to the international market, while settlements are made in rubles. In times of sanctions, this fact matters.
About ALROSA Diamond Exclusive
ALROSA, the world’s largest diamond miner, became the first company in Russia to offer diamonds as an investment tool by launching the ALROSA Diamond Exclusive program. The main feature of investment diamonds is a very rare combination of weight and quality, thanks to which they have a high investment potential. They can be used as an asset to preserve and transfer capital. At the same time, they do not lose their investment properties when used in jewelry.
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Today, the ALROSA Diamond Exclusive collection contains over 400 rare investment diamonds. To create them, ALROSA selects only those diamonds that are best suited for investment purposes. All of them are mined in Russia and are cut by the best masters of the country. After cutting, diamonds are included in a special catalog and presented at private shows.
Russia is the largest producer of rough diamonds
Russia retained its position as the world’s largest producer of rough diamonds by volume and value in both 2024 and 2025. In 2024, Russia produced about 37.3 million carats of rough diamonds, accounting for approximately 32% of global production by volume. The total value of production was around $3.34 billion, making Russia the top country in terms of diamond production value for the second consecutive year. Botswana was the second-largest producer with 28.2 million carats and nearly matching Russia’s output value.
India and UAE import Russian diamonds
Regarding the main buyers, India remains the global hub for diamond cutting and polishing and is the largest importer of rough diamonds, accounting for about 40% of global imports by volume and 39% by value. The United Arab Emirates also plays a vital role as a diamond trading hub, ranking second in imports by volume and value.
Impact of Western sanctions
The impact of sanctions on Russian diamonds due to geopolitical tensions and war in Ukraine has been significant. Russian diamond exports fell to a decade low in 2024, with a decline of 6.27% in export volume and a steep 28.6% drop in export value to $2.62 billion. The average price per carat of Russian diamonds also fell by about 24%. These sanctions have affected not only export volumes but also the market value, causing buyers to reduce purchases of Russian diamonds and forcing Russian producers such as ALROSA to face serious challenges.
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© Copyright 2025 – Eurasia Business News. Article no. 1867
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