Alrosa Suspends RJC Membership
The Russian diamond miner’s membership had been a point of contention, causing major companies to leave the organization.

The RJC board has voted to accept the suspension, the organization said in a separate statement issued a few hours after Alrosa’s announcement Friday.
“Due to the current unprecedented realities, Alrosa, as a company that cares for the industry as much as it cares for its mining communities, has decided to suspend its membership in the RJC,” said Alrosa.
The company said it will continue to uphold high standards of responsible business conduct and ethics, describing itself as “one of the major contributors to the sustainable development of this industry.”
“We have always stayed upfront on the sustainability agenda in diamond mining with clear vision as to our responsibilities to the communities and the regions of our operations, as well as how we run our business with our suppliers and clients. Our industry commitments are here to stay, as our full support to the RJC’s mission.”
The Russian company, which is one-third owned by the government, remains under U.S. sanctions following Russia’s invasion of Ukraine. Its continued membership in RJC had been a point of contention among members.
Pandora, Richemont and Kering confirmed publicly they were leaving RJC last week, citing the organization’s refusal to cut ties with Russian companies.
Watches of Switzerland did the same in a statement issued Thursday, noting that RJC’s approach to handling the situation “goes against the common values we expect from our industry in response to the situation.”
And designer Stephen Webster said in a statement he had withdrawn his application to be an RJC member.
“Our brand philosophy is to build a business to be a force for good, and we only look to collaborate with those who embody these same values,” said Webster.
RJC Executive Director Iris Van der Veken has also resigned over the organization’s handling of Alrosa’s membership.
In March, Alrosa stepped down as vice chair of the RJC but retained its RJC membership.
RJC said its board of directors began an independent, third-party legal assessment on March 3 in regard to Alrosa’s membership status.
As new sanctions rolled out in the U.S. and the U.K., more time was needed to complete the review, said RJC.
“We take governance seriously and want to ensure that any action we take is fully supported by law,” said RJC Chair David Bouffard.
RJC said it needed to ensure it had the authority, as per its constitutional documents, to take action, adding that taking any action before the legal review was completed would have exposed the organization to significant legal risk.
“The board of the RJC understands and respects Alrosa’s decision to suspend its membership and thanks them for their commitment over the last five years,” said Bouffard.
The Latest


A monthly podcast series for jewelry professionals

From protecting customer data to safeguarding inventory records, it's crucial to learn how to tackle cybersecurity challenges.

Test Podcast With Video. New interview with Ada Lovelace.

Abstract for tests. New Podcast interview with John Lennon, Jimi Hendrix and Jim Morison.

Ahead of the holiday season, Smith delves into the often subconscious reasons people buy luxury products for themselves or their loved ones.

The GMT-Master “Pepsi” belonging to astronaut Edgar Mitchell is a standout in RR Auction’s online “Space Auction,” going on now.

Retail sales associates can access the video series on mobile to refresh their selling skills.

For 25 years, India’s Gem & Jewellery National Relief Foundation has provided aid in the wake of war, natural disasters, and global crises.

The November auction will feature a collection of jewels owned by Ferdinand I, the first king of modern Bulgaria, and his family.

Commercial production has begun underground at the Canadian diamond mine’s A21 pipe.

Deloitte and Adobe Analytics shared their insights on the season, from the retail sales forecast to the role of generative AI.

The Texas-based jeweler collaborated with luxury clothing brand Uncommon Man on men’s bands designed with European influences.

Industry players have found ways to cope with market conditions while working to reshape themselves in the face of emerging realities.

The sales event, in its second year, features a selection of rare diamonds from the miner’s Argyle and Diavik diamond mines.

A portion of the proceeds from the “Always Dream” collection will go to Yamaguchi's foundation, supporting early childhood literacy.

The first in what is slated to be a series of in-depth reports from the consulting company, it focuses on shortening supply chains.











































