Russian diamond mining giant Alrosa is seeing early signs of a turnaround in the diamond market, driven by rising prices for investment-grade stones and a gradual recovery in demand, the company told TASS. "As we previously projected, following the price gains for large gemstones, smaller categories are beginning to catch up, signaling the first signs of a market reversal," Alrosa noted. Furthermore, jewelry retail data indicates steady demand growth for diamond jewelry across key markets, including the US, India, and China. This trend coincides with depleting inventories among Indian midstream cutters and a substantial decline in global diamond mining volumes. Russia holds a 33.03% stake in Alrosa, while Yakutia owns 25%, and local municipal administrations (uluses) where the company operates hold 8%.