Editor’s Note
This report details the closure of Alrosa’s Belgian office due to expanded EU sanctions, highlighting its immediate impact on the European diamond trade. The ripple effects on the global market and supply chain are still unfolding.
Bankruptcy Announcement
Alrosa Belgium, the Antwerp-based office of the Russian group Alrosa, has closed its doors following the recent expansion of European sanctions.
Impact on Diamond Market
The closure of this key European sales and logistics hub is expected to impact the global diamond supply, particularly affecting the rough diamond market in Antwerp, a world diamond trading center.
