ALROSA, the Russian diamond miner --  and the world’s largest producer of rough diamond by volume --  has joined the  prestigious   Forbes Global 2000 list this year at No. 1,673. It also ranks No. 1,139 in terms of profit and No. 1,286 in terms of Market Value. As of May 2016, ALROSA had a Market Cap of US$ 8.3 billion.

“The FORBES Global 2000 ranking is based on a composite score from equally-weighted measures of revenue, profits, assets and market value,” says an article on the Forbes website about the Global 2000 List. “The 2016 list features public companies from 63 countries that together account for US$ 35 trillion in revenue, US$ 2.4 trillion in profit, US$ 162 trillion of assets, and have a combined market value of US$ 44 trillion.”

The article continues to say: “All four metrics are down from the 2015 ranking, as slowing global growth, collapsing commodity prices and declines in equity markets in the U.S., China and elsewhere pressured businesses and knocked stocks. The Global 2000’s combined market cap fell 8% year-over-year.”

ALROSA, which was founded in 1992 currently has almost 35,000 employees  and sales valued at US$ 3.66 billion.  ALROSA  accounts for 95% of Russia’s overall diamond output. While the Government of the Russian Federation is the largest shareholder at almost 44%; the Republic of Sakha (Yakutia) holds little over 25%; the Municipal district administrations of  the Republic of Sakha hold little over 8% and there is a free floating stock of just over 23% held by legal entities and individuals. It will be remembered that recently there has been some talk of the Russian government privatising some part of its stock.