Alrosa CEO Sergey Ivanov to Step Down, Report Says
According to Russian news sources, the sanctioned head of the diamond company is leaving to take a job with an investment group.
A report published by Rough & Polished stated that Ivanov is leaving the company potentially to join investment company Volga Group, which manages the assets of Russian billionaire Gennady Timchenko.
Reached Friday morning by National Jeweler, Alrosa declined to comment.
Ivanov has headed Alrosa since 2017.
Then 36 years old, Ivanov—the son of Sergey Ivanov Sr., a high-ranking Kremlin official who been under U.S. sanction since 2014—was the youngest CEO in Alrosa history.
Ivanov Jr. is on the U.S. Office of Foreign Asset Control’s Specially Designated Nationals list because of his father and because he sits on the board of Gazprombank, Russian’s third-largest bank and one of the many financial institutions sanctioned by the U.S. following Russia’s invasion of Ukraine.
Individuals on the list have their assets blocked and U.S. citizens and businesses are generally prohibited from doing business with them.
Ivanov Jr. was placed on the list in February, immediately following the invasion.
Alrosa landed on the list in April.
The Latest
The report shows that couples are searching for vintage and antique rings, gold jewelry, pearls, and colorful pieces.
He’s remembered as a “font of passion,” leaving behind a legacy of dedication to his craft and community.
The first one will take place next month during the Jewelers of Louisiana’s and Mississippi Jewelers Association’s conventions.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
The redesigned boutique features interactive displays and a workshop space for hands-on learning about watchmaking.
A combination of factors is driving growth in the industry despite the precipitous drop in prices across the board.
By the end of this year, SRK’s diamond manufacturing complexes will achieve net zero emissions, one of an impressive array of achievements.
Ho Brothers offers scalable solutions for the future of custom jewelry.
The company plans to invest $25 million in marketing initiatives to boost awareness around its namesake and licensed brands.
Optimism about the current state of the economy was offset by anxiety around inflation and the political environment.
The former WJA executive director is MFM’s new managing director.
DDG encourages retailers to educate customers on the positive impact of purchasing natural diamonds.
Highlighting the most iconic Tiffany collections, it’s inspired by the company’s late window designer, Gene Moore.
Jen Cullen Williams and Duvall O’Steen explore how jewelers can save time and money by using AI to analyze engagement and create content.
The retailer previously turned down an $8.4 billion offer in 2018.
The Florida store’s owner Miguel Gonzalez is retiring.
The lab stresses the importance of accurate identification, as the difference in price is “substantial.”
The brand also plans to expand its retail footprint from 138 to 200 stores over the next three years.
One is reserved for a NAJA member, the other for a non-member.
Longtime employees Carie Lehrke and Megan Mattice have received promotions.
Three guests joined National Jeweler and Jewelers of America to discuss trending time periods, spotting reproductions, and more.
Chris Clipper and Robert Lepere join the company with 50 years of combined experience.
The trendy, metallic earrings wink at classic spring colors.
JSA said a man and woman pulled the safe out of an Oakland jewelry store but couldn’t quite get it into their van.
The miner’s March auction generated $19 million.
Helen McCluskey will succeed H. Todd Stitzer when he meets his 12-year term limit in June.
“Chopard x Julia Roberts” showcases the first gems cut from the 6,000-carat-plus “Insofu Emerald."