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

Co-founders Afzal Imram and Lin Ruiyin brought their son’s story of a cosmic egg, toadstool, and railroad to life in their new collection.

The best time to prepare for the holiday season is right now, according to columnist Emmanuel Raheb.

This year’s winner is Morgan Keefe, who is currently studying at GIA to be a gemologist.

The Seymour & Evelyn Holtzman Bench Scholarship from Jewelers of America returns for a second year.

“The Jewelry Book” comes out this September.


The company is focused on modernizing the custom jewelry buying experience with e-commerce tools like product visualization and 3D styling.

Following its recent acquisition, the storied brand has updated its leadership team and regional managers.

The countdown is on for the JCK Las Vegas Show and JA is pulling out all the stops.

AGS also named the recipient of its “Women in Leadership” scholarship.

The 20-karat yellow gold and diamond wrap ring is modeled after the Monstera plants in the garden of the brand’s Miami villa.

Rocksbox President Allison Vigil shared the retailer’s expansion plans, and her thoughts on opening stores in malls.

The creator of the WJA Chicago chapter is remembered as a champion for women in the jewelry industry and a loving grandmother.

The decline was consistent across age groups and almost all income groups, with tariffs and inflation still top of mind.

The “Playlist: Electric Dreams” collection brings lyrics from the musician’s song, “Little Wing,” to life through fine jewelry.

The event is set for May 16-19 in Detroit, Michigan.

The Vault’s Katherine Jetter is accusing the retailer of using info she shared for a potential partnership to move into Nantucket.

Agents seized 2,193 pieces, a mix of counterfeit Cartier “Love” and “Juste Un Clou” bracelets, and Van Cleef & Arpels’ “Alhambra” design.

The designer brought her children’s book, “The Big Splash Circus,” to life through a collection of playful fine jewelry characters.

The trade association has chosen the recipients of the funding initiative it formed to foster the growth and sustainability of the industry.

Associate Editor Natalie Francisco shares 20 additional pieces that stood out to her at the Couture show.

Lori Tucker started at Williams Jewelers when she was 18 years old.

The “Marvel | Citizen Zenshin” watch is crafted in Super Titanium and has subtle nods to all four “Fantastic Four” superheroes on the dial.

The “XO Tacori” collection was designed to blend luxury and accessible pricing.

Pritesh Patel, the lab’s chief operating officer, will take over as president and CEO of GIA.

National Jeweler and Jewelers of America discuss the standout jewelry trends and biggest news to emerge from the shows this year.

The winning designs captured the “Radiance” theme.

Nominations in the categories of Jewelry Design, Media Excellence, and Retail Innovation will be accepted through July 30.