The De Beers Group CEO also discussed tariffs, Desert Diamonds, and the pending sale of De Beers in an interview with Michelle Graff.
2 Top Executives Fired Following Fatal Mine Accident
The accident happened at Alrosa’s Mir mine in August and killed eight workers.

Moscow--Two top Alrosa officials have been fired and 22 more reprimanded and fined following an August accident at the Mir Diamond Mine in Siberia that killed eight workers.
The mining company said following the fatal accident, the Russian government formed a committee comprised of four expert groups of Russian specialists and scientists.
Together, they determined that the accident was the cause of hydrogeological, technical and organizational factors, chief among them the hydrogeological complexity of the Mir deposit and the fact at the company did not fully take this complexity into account when designing the mine.
The commission identified 16 officials responsible for the violations, though Alrosa later expanded that list to 24.
The company announced it was firing Mikhail Lopatinsky, the director of the Mirny Mining and Processing Division, and the division’s chief engineer, Alexander Kisilichin.
The other 22 were reprimanded and fined. Alrosa said the committee also recommended that it review the competency of Alexey Burkser, head of Mir underground mine, and Chief Engineer Sergey Ekel.
The accident at Mir happened Aug. 4 when water rushed into the open-pit mine, initially trapping 151 workers underground.
Alrosa was able to bring 142 workers to the surface within hours of the accident and rescued one more the following day. Eight men remained trapped underground.
The mining company called off the search for the missing miners on Aug. 26.
In addition to recommending dismissals and disciplinary action, the commission also noted the improper execution of existing legislative and statutory acts and internal regulations by Alexander Chaadaev, who was the director of the Yakutniproalmaz Institute--established to solve problems of engineering, design and construction of mines and processing facilities--when the accident happened.
Alrosa said Chaadaev already has left the company and Andrey Zelberg, previously head of the company’s Technical Department, has taken his place.
Zelberg will be in charge of creating a forecasting system for future risks when developing diamond deposits.
The Mir mine remains closed.
The Latest

The industry veteran is bringing his 56-year run in the fine jewelry sector to an end.

The panel discussion will feature LGBTQ+ leaders across the jewelry, luxury, and creative industries.

As gold prices rise, today’s retailers are looking for alternatives at prices that will appeal to wider audiences.

Inspired by a locket that got run over, the “Smash” capsule collection reimagines the shape of Lichtenberg’s signature style.


The company has promoted Katherine Whitacre to the role.

The jewelry manufacturer has added Taylor Swift-esque diamond shapes, and more silver, gold vermeil, and gold-plated jewelry.

With the trade and customer trust in mind, GIA® developed NextGem™ – on-demand training designed specifically for retail.

Those born in June can celebrate with pearl, alexandrite, and moonstone jewelry.

The platform allows retailers to guide clients through a customizable engagement ring buying experience in a branded interface.

Jim Springer, owner of Dunkelberger’s Fine Jewelry, is heading into retirement.

When conducting its May consumer confidence survey, The Conference Board asked extra questions about consumers’ budgeting strategies.

The “Tunnel” charm, our Piece of the Week, celebrates Pride Month with its design inspired by hope and the light at the end of the tunnel.

Up for auction at Sotheby’s, the collection of Tempelsman’s personal effects includes a Cartier Tank watch Jackie O. gifted him.

The Miami-based fine jewelry brand will host its first summer residency in the Colorado mountain town from June 5 to Aug. 23.

The organization also announced its international board of directors for the 2026-2027 term.

Saks Global confirmed the closure this week, spelling the end for a store that’s been part of downtown Dallas for more than 100 years.

Smith discusses how managers should handle a top performer's exit, warning that a poor response could have a lasting impact.

The Gemological Institute of America is now a 30 percent stakeholder in Tracr, the De Beers-backed blockchain for diamonds.

The retailer is bringing Rolex Certified Pre-Owned watches to five U.S. cities in 2026 for collectors to see, try on, and purchase.

The actress and entrepreneur stars in the jeweler’s new campaign that celebrates life’s quiet moments.

The price of gold has risen, affecting the number of pieces designers make, the materials they use, and how they position themselves.

The jewelry retailer is zeroing in on Zales, Jared, Kay Jewelers, and Blue Nile as it looks to create unique brand identities for each.

Dr. Akinwumi Adesina, a development economist, will head the fund created to help Botswana diversify its economy.

Sotheby’s has appointed the former Phillips executive as its global head of private sales and retail in its watches division.

A private collection of five Paraíba tourmalines also will be up for sale at Sotheby’s High Jewelry auction in New York, scheduled for June 16.

From Gen Z’s view of luxury to “doom spending,” these are the six consumer trends to note this year.






















