Alrosa Names New CEO
Sergey Ivanov Jr., who is under U.S. sanction, is out, replaced by Almazy Anabara CEO Pavel Marinychev.

Marinychev succeeds Sergey Ivanov Jr., who became Alrosa’s youngest CEO when he was appointed to the position in 2017 but came under U.S. sanction shortly after Russia invaded Ukraine because of his close ties to Russian President Vladimir Putin.
Ivanov Jr. is the son of Sergey Ivanov Sr., a high-ranking Kremlin official who has been on the Office of Foreign Asset Control’s Specially Designated Nationals list since 2014, and he is a board member of Russian financial institution Gazprombank, another sanctioned entity.
Reports of his pending resignation first started circulating in December.
He is stepping down from his position as Alrosa CEO about two years early, as his contract does not expire until 2025, and the official announcement of his resignation comes just as the G7 is weighing tighter sanctions on Russian diamonds globally.
In appointing Marinychev, Alrosa said it has chosen a leader who is a “highly skilled, advanced, proactive manager and a deeply decent person always caring about people’s wellbeing.”
Marinychev will serve a three-year term as CEO.
The company, which remains under sanction, said his appointment is “aimed to address the current challenges the company is facing, given his extensive experience in mining and huge expertise in diamond production, exceptional personal effectiveness and high potential in management.”
The 44-year-old Marinychev started his career in 2000 as a specialist in the Economics Department at the Republic of Sakha’s (Yakutia’s) Ministry of Fuel and Energy.
He spent more than a decade in various government roles, including serving as first deputy chairman of Yakutia overseeing geology, subsoil use, industry, housing, energy and construction from 2010 to 2016.
In 2016, he became CEO of JSC Almazy Anabara, the Alrosa subsidiary that mines diamonds in Yakutia.
Marinychev was born in Yakutsk, the capital of Yakutia, and is married with two daughters.
He said, “As CEO, I’ll keep working to consolidate the company’s dominant position on the global diamond market. Our strategic objectives remain the same. We will develop our resource base, increase production efficiency and enhance management quality despite the challenging geopolitical environment.
“As before, special focus will be given to the growth of Alrosa’s talent pool as well as to health and safety issues and environmental protection. We will unquestionably continue our support of social and environmental projects in the regions of our operations.”
The Latest

Citizen’s new “Rainell” women’s watch has a raindrop-shaped case and is available with a silver-, gold-, purple-, or green-colored dial.

The “Mercedes Gleitze Rolex Oyster,” named for the British endurance swimmer who made it famous, will go up for sale next month.

Amit Pratihari was previously the managing director of De Beers India and Forevermark India.

The upcoming show provides savvy retailers with the opportunity to stock their cases with best sellers in advance of the holiday season.

Gomez’s jewelry included Tiffany & Co. drop-style earrings while Blanco stacked diamonds from Jacob & Co. on his wrist.


Diamond industry banking veteran Paul De Wachter will take on the role in January 2026.

Taylor Swift flaunts an Elizabeth Taylor-esque gemstone in promo for her new album, “The Life of a Showgirl.”

Its “Quantre Sand” capsule was made using a 3D sand printing technique borrowed from the automotive and aeronautics industries.

Four individuals have been charged in the “takeover-style” robbery of Heller Jewelers last month, and additional charges are expected.

“Radiance and Reverie” will showcase more than 150 jewels from Lane’s personal collection by Tiffany & Co., Cartier, and more.

The month’s birthstones, tourmaline and opal, complement the palette of autumn.

Smith shares the importance of looking at your company with openness and honesty to identify opportunities you may be missing.

Associate Editor Natalie Francisco visited Italy to spot jewelry trends at the September Vicenzaoro show and share her top finds.

Respondents were concerned about job availability and rising prices.

Alexander Lacik has led Pandora since 2019. Berta de Pablos-Barbier will succeed him, the first woman to head the company.

Two men allegedly used counterfeit bills to purchase luxury watches and jewelry from a North Carolina jeweler.

The “Lovestruck” collection, designed with the Academy and Grammy award-winning siblings, is the brand’s first lab-grown diamond offering.

The brand, celebrating its 15th anniversary, has popped up at Market, a luxury fashion destination in Highland Park Village.

She was remembered as a creative and generous woman of faith, who also had a sweet tooth.

Move over neck mess, the ear story is the way to make a layering statement today.

The New York-based brand is set to launch a limited-time offering for the holiday season at Holt Renfrew in Toronto.

The “Volume 7” bridal catalog features best-selling engagement rings, trending styles, and a new section highlighting anniversary bands.

Holiday sales growth is expected to slow as consumers grapple with inflation and tariff-related uncertainty.

Jamie Turner Designs is among the winners of the local “Austin Shines” contest, hosted by Eliza Page, a jewelry store in Austin, Texas.

The red and azure colorway is one of many fun enamel pairings offered, bringing whimsy to the classic style of a monogramed signet ring.

A trade deal with Switzerland seems probable, but reaching an agreement with India remains a challenge, David Bonaparte said.