Public Joint Stock Company ALROSA (ALRS.ME)

Alrosa halts diamond sales amidst sluggish market conditions

Alrosa PJSC, a major player in the global diamond mining industry, has announced a temporary halt in the sale of rough diamonds for September and October due to the current sluggish market conditions. Announced on Wednesday, the move is part of a broader strategy by the Russian state-controlled company to counteract declining demand trends in the diamond market.