Alrosa has indicated early signs of recovery in the global diamond market, supported by improving price trends and tightening supply conditions after a prolonged period of weakness.

According to recent industry reports, the miner has recorded a 6% to 9% increase in rough diamond prices since the start of 2026, with the strongest gains observed in the 2 to 10-carat segment, which constitutes a significant share of its production by value.

The company noted that price momentum strengthened through February and March, following initial signs of stabilization earlier in the year. Overall, selling prices have increased across nearly half of its regular assortment during the first quarter.

Alrosa attributed the improvement to a better balance between supply and demand, alongside structural constraints on global diamond production. Industry output is projected to fall below 100 million carats in 2026, marking the lowest level in two decades, as existing deposits are depleted and production at less profitable operations is curtailed.

The company also highlighted growing shortages of larger, high-value stones, particularly above 2–3 carats, which are increasingly driving price stability and demand.

While the recovery remains gradual and uneven across categories, Alrosa’s outlook suggests the market is entering a transitional phase, with early indicators pointing towards stabilization after multiple years of subdued demand and pricing pressure.