Russia's sanctions-hit diamond producer Alrosa reported a 25% fall in first-half revenue on Tuesday, warning that geopolitics and macroeconomic uncertainties were weighing on demand as high interest rates, inflation and taxes exert pressure on profits.

Group of Seven countries banned direct imports of Russian diamonds in January 2024. This was followed by a European Union and G7 ban on imports of Russia-origin diamonds via third countries. Alrosa itself has been under US sanctions since 2022.

Alrosa's full-year profits fell sharply in 2024, but the first half of 2025 showed signs of recovery, with net profit up 10.8% year-on-year to 40.6 billion roubles ($506.7 million).

Revenue fell 25% to 134.3 billion roubles and core earnings (EBITDA) dropped 42% to 37.1 billion roubles, Alrosa sa

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