EU Adds Alrosa to Sanctions List
The European Union also has sanctioned the diamond mining company’s CEO, Pavel Marinychev.

Announced Wednesday, the additions follow the EU’s announcement that it would be banning the import of Russian diamonds starting Jan. 1.
An EU official said the EU waited a couple days after the ban went into effect to add Alrosa and Marinychev to the sanctioned entities to “avoid confusion,” as the import ban was announced Dec. 18 but didn’t go into effect until Jan. 1, while the individual listings are effective immediately upon publication.
“In line with the diamond ban we have introduced with the 12th package of sanctions, the EU today lists Alrosa, the largest diamond mining company in the world & its CEO,” Josep Borrell Fontelles, the EU’s high representative for foreign affairs, said on X Wednesday.
“This is part of our coordinated efforts at G7 level to deprive Russia of this important revenue source.”
The Group of Seven nations (G7) announced last February that they would be working together to cut off the Russian government’s sources of revenue, including via tighter sanctions on diamonds.
The G7 nations are the United States, Canada, France, Germany, Italy, Japan, and the United Kingdom.
In early December, following nearly a year of discussions around proposals from multiple industry organizations, the G7 issued a statement announcing all of its member nations that hadn’t done so already would ban the import of Russian diamonds beginning Jan. 1.
The EU, which is a non-enumerated member of the G7, announced its ban on Russian diamonds a couple weeks later.
The announcement provided details on the scope of the ban—lab-grown diamonds and finished jewelry eventually will be part of it—and how the EU plans to track diamonds through the supply pipeline to ensure they are not from Russia.
Alrosa has been under sanction in the U.S. since February 2022.
President Joe Biden signed an executive order banning the import of Russian diamonds the following month, though Russian diamonds cut and polished in other countries, like India, still are able to enter the U.S. because they are considered products of the country where they are “substantially transformed.”
The substantial transformation pathway is slated to close March 1, per the G7’s statement.
Marinychev was sanctioned by the U.S. in July, two months after he was named Sergey Ivanov Jr.’s successor.
The Latest

“Shell Auranova” is the next generation of the brand’s bridal line, featuring half-bezel engagement rings with bold and fluid designs.

Boucheron and Pomellato performed well in an otherwise bleak quarter for Kering amid struggles at Gucci.

Designer Deborah Meyers created her birds from oxidized sterling silver, rose-cut diamond eyes, and Akoya Keshi pearl feathers.

Six new retail businesses were selected for the 2025 program, which began in January.

The company said it expects sightholders to remain “cautious” with their purchasing due to all the unknowns around the U.S. tariffs.


Sponsored by the Gemological Institute of America

Simon Wolf shares why the time was right to open a new office here, what he looks for in a retail partner, and why he loves U.S. consumers.

The risk of laboratory-grown diamonds being falsely presented as natural diamonds presents a very significant danger to consumer trust.

A third-generation jeweler, Ginsberg worked at his family’s store, Ginsberg Jewelers, from 1948 until his retirement in 2019.

The company failed to file its quarterly reports in a timely manner.

The organization also announced its board of directors.

Charms may be tiny but with their small size comes endless layering possibilities, from bracelets to necklaces and earrings.

Located in Valenza, the now 355,000-square-foot facility includes a new jewelry school that’s open to the public, Scuola Bulgari.

Paola Sasplugas, co-founder of the Barcelona-based jewelry brand, received the Fine Jewelry Award.

A platinum Zenith-powered Daytona commissioned in the late ‘90s will headline Sotheby’s Important Watches sale in Geneva next month.

The basketball stars wear men’s jewelry from the “Curb Chain” collection.

The Signet Jewelers-owned retailer wants to encourage younger shoppers to wear fine jewelry every day, not just on special occasions.

The 21 pieces, all from a private collector, will be offered at its Magnificent Jewels auction next month.

Lilian Raji answers a question from a reader who is looking to grow her jewelry business but has a limited marketing budget.

GCAL by Sarine created the new role to sharpen the company’s focus on strategic partnerships and scalable expansion.

The Indiana jeweler has acquired Scottsdale Fine Jewelers in Scottsdale, Arizona.

“Cartier: Design, Craft, and Legacy” opened earlier this month at the Victoria and Albert Museum in London.

Van Cott Jewelers in Vestal, New York, is hosting a going-out-of-business sale.

Industry veteran Samantha Larson has held leadership roles at Borsheims, McTeigue & McClelland, Stuller, and Long’s Jewelers.
The two organizations will hold the educational event together this fall in Mississippi.

The entrepreneur and “Shark Tank” star will share his top tips for success.

The Ukrainian brand’s new pendant is modeled after a traditional paska, a pastry often baked for Easter in Eastern European cultures.