Alrosa CEO Sergey Ivanov to Step Down, Report Says
According to Russian news sources, the sanctioned head of the diamond company is leaving to take a job with an investment group.
A report published by Rough & Polished stated that Ivanov is leaving the company potentially to join investment company Volga Group, which manages the assets of Russian billionaire Gennady Timchenko.
Reached Friday morning by National Jeweler, Alrosa declined to comment.
Ivanov has headed Alrosa since 2017.
Then 36 years old, Ivanov—the son of Sergey Ivanov Sr., a high-ranking Kremlin official who been under U.S. sanction since 2014—was the youngest CEO in Alrosa history.
Ivanov Jr. is on the U.S. Office of Foreign Asset Control’s Specially Designated Nationals list because of his father and because he sits on the board of Gazprombank, Russian’s third-largest bank and one of the many financial institutions sanctioned by the U.S. following Russia’s invasion of Ukraine.
Individuals on the list have their assets blocked and U.S. citizens and businesses are generally prohibited from doing business with them.
Ivanov Jr. was placed on the list in February, immediately following the invasion.
Alrosa landed on the list in April.
The Latest
Drosos shared her top takeaways from a recent Botswana trip and her insights into the natural diamond market.
The retailer is expanding its footprint via retail partnerships, previously inking deals with Kohl’s and Macy’s.
Members will now have access to “eBay Concierge,” a white-glove dedicated customer service team.
Ho Brothers offers scalable solutions for the future of custom jewelry.
The deadline to apply is March 29.
CEO Beth Gerstein spoke about the growing appeal of its non-bridal fine jewelry and its expansion plans on its recent earnings call.
The versatile jewel pairs ancient Egyptian inspiration with a modern design.
Distinguishing natural diamonds from laboratory-grown stones – now more available than ever – has been difficult for jewelers. Until now.
The spring application window closes on March 31.
It’s estimated to sell for up to $1.3 million at the upcoming sale on March 28.
It aims to support aspiring journalists, media professionals, content creators, and communicators.
“Ice Cold: An Exhibition of Hip-Hop Jewelry” will open at the New York City museum on May 9.
He succeeds David Bouffard, who is leaving Signet and the RJC next month.
Three winners will have their jewelry sketches turned into a real piece of jewelry in time for the holiday.
“Power of Couture” recalls Frédéric Boucheron’s love of fabric using diamonds and rock crystal.
A Harry Winston diamond necklace and other top lots failed to find buyers.
Lilian Raji offers advice to a business owner who is having trouble crossing the finish line with customers.
He brings 30 years of retail store management experience to the role.
At its annual gala, Diamonds Do Good will present awards to GIA, London Jewelers, and Lisa Bridge.
Vibrant gemstones, layered diamond pieces and brooches with a story stole the show.
The 2024 winners expressed gratitude to their teams, industry colleagues, and those who turn jewelry dreams into reality.
They are Marla Aaron, Marie Lichtenberg, and Jean Prounis.
The Jewelers’ Security Alliance will honor the industry veteran at its upcoming annual luncheon.
The annual video stars Pomellato CEO Sabina Belli alongside Jane Fonda and other celebrities and activists.
Sponsored by IGI
The Pennsylvania native, who sold for Gumuchian and others, is remembered for being kind and outgoing.
From three-stone rings to fancy shapes, experts weigh in on what consumers could be looking for this year.