SAMS Group Australia
advertisement
SAMS Group Australia
advertisement
SAMS Group Australia
advertisement
Goto your account
Search Stories by: 
and/or
 

News












The Alrosa 390.7-carat diamond found at the Mayat mine in Yakutia. | Source: Alrosa
The Alrosa 390.7-carat diamond found at the Mayat mine in Yakutia. | Source: Alrosa

Major diamond discovery for Russian mining giant

Diamond mining company Alrosa has confirmed the discovery of Russia's largest gemstone-quality diamond in the past decade.

The 390-carat diamond was unearthed in the Republic of Sakha in Russia’s far east.

“The found diamond is a light crystal of an irregular shape, bordered by a yellow-brown halo – a combination of mass, shape and colour that is unique today,” Alrosa said in a statement.

Before this discovery, the largest gemstone-quality diamond discovered in Russia was a 401-carat stone earthed in 2013.

"The found diamond is a light crystal of an irregular shape, bordered by a yellow-brown halo – a combination of mass, shape and colour that is unique today."
Alrosa

In August, Alrosa released its first financial report since the invasion of Ukraine in February of last year.

Sales increased to RUB188.16 billion ($AU3.02 billion) for the six months, a modest improvement from RUB187.16 billion ($AU3 billion) the previous year. Profit declined by 35 per cent.

Alrosa has also confirmed that construction of a new $US1.26 billion ($AU1.97 billion) mine is underway, with production expected to begin in 2032.

Reserves of 173.5 million carats have been identified at the new mine, known as the Mir-Gluboky project.

More reading
Sixth consecutive sales decline for De Beers
New Alrosa CEO sanctioned by US, sales slow for De Beers
De Beers slashes prices, concerns continue over US demand
Russian rough exports in decline
De Beers, Botswana reach long-term diamond mining agreement

 











SAMS Group Australia
advertisement





Read current issue

login to my account
Username: Password:
Rapid Casting
advertisement
Jeweller Magazine
advertisement
SAMS Group Australia
advertisement
© 2024 Befindan Media