Russian President Vladimir Putin noted that Alrosa holds 50% of the world's total diamond reserves during a meeting with the company's CEO Pavel Marinychev. "Do you have reserves of 1 billion carats?" Upon receiving an affirmative answer from Marinychev, Putin said: "That is approximately 50% of the world's diamond reserves." The President also added that the company's output figures account for about 30% of global production. "Thirty percent in carats," Alrosa's CEO confirmed.