Alrosa, Russia's state-controlled diamond miner, produced 34.6m carats during 2023, in line with its forecasts.
That's a slight drop on its 35.6m carat production in 2022, but suggests US sanctions and voluntary bans on buying Russian goods have so far had a negligible impact.
The government of Russia's Sakha (Yakutia) republic owns 25 per cent of Alrosa and is home to its headquarters.The head of Yakutia, Aisen Nikolaev, said the company had fulfilled all the main production and planned indicators for the year.
Russia remains adamant that G7 sanctions, which take effect on 1 January, will harm the countries that boycott its diamonds more than Russia itself.
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