According to Russia’s Finance Ministry, Russia produced 18,349,000 carats of rough diamonds during the period of January to June 2009 with a total value of $1.2 billion. This constitutes a rise of 4.6% year-on-year.

In 2008, Russia reportedly produced 36,925,000 carats of diamonds with a total value of $2.5 billion, a 3.5% decline year-on-year.

Alrosa, Russia's largest diamond producer, accounts for 25% of global diamond output. The Russian government holds a 50.9% stake in the giant diamond mining company.