SourcingApr 04, 2023
Botswana Government Takes Stake in HB Antwerp SourcingMay 17, 2023
Alrosa Names New CEO
Sergey Ivanov Jr., who is under U.S. sanction, is out, replaced by Almazy Anabara CEO Pavel Marinychev.
Pavel Marinychev, who has headed Alrosa subsidiary JSC Almazy Anabara since 2016, is the new CEO of Russian diamond mining company Alrosa.
Moscow—Alrosa’s supervisory board named a new CEO Wednesday, tapping Pavel Marinychev, a former government official in Yakutia who most recently served as CEO of Alrosa subsidiary JSC Almazy Anabara.
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.
Related stories will be right here …
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.”
More on Sourcing
The Latest
EditorsSep 12, 2025
Out & About: Mining Sapphires in Rock Creek, MontanaAssociate Editor Lauren McLemore headed out West for a visit to Potentate Mining’s operation hosted by gemstone wholesaler Parlé Gems.
TrendsSep 12, 2025
Piece of the Week: Arunashi’s Fordite and Rhodolite EarringsFordite is a man-made material created from the layers of dried enamel paint that dripped onto the floors of automotive factories.
Events & AwardsSep 12, 2025
Al Gilbertson Wins 2025 Robert M. Shipley AwardGilbertson has worked as a researcher, jeweler, lapidary artist, appraiser, and business owner throughout his decades in the industry.
Brought to you by
reDollar.com Is Rolling Out the Next Level Jewelry, Diamond & Watch Consignment ProgramWith their unmatched services and low fees, reDollar.com is challenging some big names in the online consignment world.
Policies & IssuesSep 11, 2025
Supreme Court to Hear Tariffs Case in November A decision likely won’t come until January 2026 at the earliest, and the tariffs remain in effect until then.
Weekly QuizSep 12, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
MajorsSep 11, 2025
Tabayer Opens Nordstrom Shop-In-ShopLocated in the revamped jewelry hall at the retailer’s New York City flagship, this opening is Tabayer’s first shop-in-shop.
MajorsSep 10, 2025
Stuller to Swap Gold Scrap for Full Credit to AccountAs the gold price rises, the manufacturer is offering a 100 percent payout through Sept. 30 for gold clean scrap.
Brought to you by
Rallying Call for the Jewelry Industry on Tariffs and Other Key IssuesJewelers of America is leading the charge to protect the industry amidst rising economic threats.
TrendsSep 10, 2025
Tiffany & Co. Archival Jewels Bring Life to ‘Frankenstein’Guillermo del Toro’s 2025 “Frankenstein” will feature 27 jewels and objects from the storied brand, including pieces from its archives.
MajorsSep 10, 2025
24 Karat Club of New York’s Banquet to Return to Waldorf AstoriaThe Waldorf Astoria New York’s grand reopening this past summer means a homecoming for the industry group’s annual event.
SourcingSep 09, 2025
Anglo American to Merge With Canadian Copper Miner Anglo plans to merge with Teck Resources Ltd. to form Anglo Teck. The deal changes nothing about its plans to offload De Beers.
AuctionsSep 09, 2025
‘The Mellon Blue’ to Return to Auction, This Time at Christie’s The 9.51-carat fancy vivid blue diamond, which set two world auction records at Sotheby’s in 2014, is estimated to fetch up to $30 million.
AuctionsSep 09, 2025
Phillips Names Dianne Batista Head of Jewels, New YorkThe industry veteran joins the auction house as it looks to solidify its footprint in the jewelry market.
MajorsSep 09, 2025
MJSA Education Foundation Announces 2025 Scholarship WinnersThe nonprofit awarded four students pursuing a professional career in jewelry making and design with $2,250 each.
IndependentsSep 08, 2025
Take a Look Inside the New Korman Store in AustinThe Texas-based jeweler has also undergone a brand refresh, debuting a new website and logo.
MajorsSep 08, 2025
MJSA Is Officially Now Under JA’s UmbrellaThe two organizations have finalized and signed the affiliation agreement announced in May.
AuctionsSep 08, 2025
Sotheby’s To Auction ‘Exceptional’ Collection of JAR, Suzanne Belperron JewelsThe single-owner sale will headline Sotheby's inaugural jewelry auction at the Breuer building, its new global headquarters, this December.
Events & AwardsSep 08, 2025
27 Can’t-Miss Converge Sessions, Events From sunrise yoga to tariffs talks, these are some events to check out at the upcoming inaugural event.
ColumnistsSep 05, 2025
Peter Smith: A Lasting Lesson From Maurice Tempelsman Smith recalls a bit of wisdom the industry leader, who died last week, shared at a diamond conference years ago.
CollectionsSep 05, 2025
Piece of the Week: Jamie Turner’s ‘Victoria’ Necklace The “Victoria” necklace features a labradorite hugged by diamond accents in 18-karat yellow gold.
Policies & IssuesSep 05, 2025
Trump Takes Tariffs Case to the Supreme Court Two lower courts have moved to block the import taxes, which will remain in place as the legal battle continues.
WatchesSep 05, 2025
Patrick Mahomes Is the New Hublot Brand AmbassadorThe Kansas City Chiefs quarterback shares Hublot’s dedication to pursuing greatness, the Swiss watchmaker said.
SourcingSep 04, 2025
Lucara Unveils Unusual 37-Carat Pink DiamondThe Type IIa stone, recovered from Botswana’s Karowe diamond mine last month, features unique coloration.
WatchesSep 04, 2025
Breitling Takes Its NFL Game to the Next Level Breitling is now the NFL’s official timepiece partner, a move that puts the brand in front of the millions of Americans who watch football.
Events & AwardsSep 04, 2025
The NYC Jewelry, Antique, & Object Show Returns in NovemberNYCJAOS is set for Nov. 21-23 in New York City’s Chelsea neighborhood.
SourcingSep 03, 2025
Gemfields Confirms Completion of Fabergé SaleU.S.-based investment company SMG Capital LLC is the new owner of the luxury brand.
