{
  "id": 82043,
  "title": "Russian diamond giant Alrosa posts $134 million net loss as revenue drops 36%",
  "url": "https://urgent.news/2026/08/03/russian-diamond-giant-alrosa-posts-134-million-net-loss-as-revenue",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-03T09:50:00.000Z",
  "source": {
    "name": "New Voice of Ukraine",
    "slug": "new-voice-of-ukraine",
    "url": "https://english.nv.ua/business/russian-diamond-giant-alrosa-hit-by-134m-net-loss-amid-36-revenue-drop-50629392.html"
  },
  "original_language": "en",
  "account": "Russian diamond mining giant Alrosa announced a net loss of $134.1 million for the first half of 2026, marking a significant downturn from the $490.1 million profit earned during the same period last year. The non-operating income, which reached $667.3 million in 2025 due to a $377 million stake sale in Catoca, an Angolan mining enterprise, dropped to a mere $30.2 million this year. The company's revenue plummeted by 36% to $932.5 million in the first half of 2026, with its cost of sales decreasing by 20% to $873.4 million. Alrosa reported a $62.8 million operating loss in the first half of 2026, a stark contrast to the $241.3 million operating profit in the same period of 2025. Despite these challenges, Alrosa suspended mining operations at Severalmaz, a diamond-producing subsidiary accounting for 10% of Russia's diamond output, citing a strategic move towards operational and financial sustainability. The company plans to potentially mothball several surface mines in 2026.",
  "summary": "Russia’s Alrosa, the world's largest diamond mining company, reported a net loss of 10.67 billion rubles ($134.1 million) for the first half of 2026, Interfax reported on July 31.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}