Alrosa Suspends RJC Membership
The Russian diamond miner’s membership had been a point of contention, causing major companies to leave the organization.

The RJC board has voted to accept the suspension, the organization said in a separate statement issued a few hours after Alrosa’s announcement Friday.
“Due to the current unprecedented realities, Alrosa, as a company that cares for the industry as much as it cares for its mining communities, has decided to suspend its membership in the RJC,” said Alrosa.
The company said it will continue to uphold high standards of responsible business conduct and ethics, describing itself as “one of the major contributors to the sustainable development of this industry.”
“We have always stayed upfront on the sustainability agenda in diamond mining with clear vision as to our responsibilities to the communities and the regions of our operations, as well as how we run our business with our suppliers and clients. Our industry commitments are here to stay, as our full support to the RJC’s mission.”
The Russian company, which is one-third owned by the government, remains under U.S. sanctions following Russia’s invasion of Ukraine. Its continued membership in RJC had been a point of contention among members.
Pandora, Richemont and Kering confirmed publicly they were leaving RJC last week, citing the organization’s refusal to cut ties with Russian companies.
Watches of Switzerland did the same in a statement issued Thursday, noting that RJC’s approach to handling the situation “goes against the common values we expect from our industry in response to the situation.”
And designer Stephen Webster said in a statement he had withdrawn his application to be an RJC member.
“Our brand philosophy is to build a business to be a force for good, and we only look to collaborate with those who embody these same values,” said Webster.
RJC Executive Director Iris Van der Veken has also resigned over the organization’s handling of Alrosa’s membership.
In March, Alrosa stepped down as vice chair of the RJC but retained its RJC membership.
RJC said its board of directors began an independent, third-party legal assessment on March 3 in regard to Alrosa’s membership status.
As new sanctions rolled out in the U.S. and the U.K., more time was needed to complete the review, said RJC.
“We take governance seriously and want to ensure that any action we take is fully supported by law,” said RJC Chair David Bouffard.
RJC said it needed to ensure it had the authority, as per its constitutional documents, to take action, adding that taking any action before the legal review was completed would have exposed the organization to significant legal risk.
“The board of the RJC understands and respects Alrosa’s decision to suspend its membership and thanks them for their commitment over the last five years,” said Bouffard.
The Latest

Senior Editor Brecken Branstrator chooses the pieces she’d most want to see in person.

Owner Steve Delzio shares his thoughts on retirement after nearly five decades in the jewelry industry.

“I Fear for This Boy” takes readers through the ups and downs of his business and is available for pre-order now.

When it comes to knowing the identity and quality of your pearls, count on GIA as your independent pearl experts.

“Today’s Wedding Jewelry Consumer” shares data about engagement ring market size, lab-grown and natural diamonds, and more.


Columnist Lilian Raji wants to walk you through the customer journey. But first, she’d like you to answer a few questions.

Several Couture brands have partnered with Platinum Guild International ahead of the jewelry trade show.

Advanced technology levels the playing field, helping jewelers give customers what they want.

The jewelry company is moving into bridal just a month after branching out into the watch world.

The 2008 economic crisis, COVID-19, and sanctions on Russian goods have set the stage for an interesting decade for natural diamond supply.
The Generating Community Impact fundraiser on June 11 will feature Karine Bah Tahé of Blue Level Training.

Kaiser, whose illustrious career spanned decades, died suddenly on Friday.

The family-owned jeweler is relocating its Braintree, Massachusetts, store to a new space.

He will step into the retailer’s newly created role of chief development officer.

GemIntro is meant to give a broad introduction to gems and gemology.

Three industry experts discuss “recycled” gold vs. mined, their challenges and benefits, and how jewelers can navigate the area.

Cartier, Van Cleef & Arpels, and Buccellati put on stellar performances.

The New York jeweler made this incredible, colorful Art Deco bracelet featuring tropical birds in 1927.

From a slowdown in sales growth to rising costs, Fruchtman Marketing outlines its expectations for the second half of the year.

One analyst cited rising diamond prices and the sanctions on Alrosa as contributing factors.

The two have partnered on a capsule collection.
John A. Green of retailer Lux Bond & Green and Niveet Nagpal of Omi Privé have joined the board of directors as of May 18.

The retailer also said demand for Rolex, Patek Philippe, and Audemars Piguet watches continues to exceed its supply.

The auction house’s upcoming sale also includes collections from American heiresses.

The Connecticut jeweler reflected on five decades in the industry and what the future holds for the family business.

The chapter has organized a day trip to the Sterling Hill Mine and Museum in Ogdensburg on Saturday, May 21.

The stones come from a deposit close to Mahenge and have been on the market for several months.