MOSCOW (Reuters) – Russian diamond producer Alrosa announced on Tuesday that it had decided to temporarily suspend operations at its less profitable deposits.
The suspension will affect deposits with an annual production of less than 1 million carats, it said.
The company said it still planned to produce 29 million carats of diamonds in 2025
In November 2024, Alrosa said that it might suspend some production in 2025 and reduce staff.
(Reporting by Anastasia Lyrchikova; Writing by Maxim Rodionov; Editing by Andrew Osborn)
