The world's largest diamond producer by output, ALROSA, recovered of a large gem-quality diamond of 98.63 carats from its historic Jubilee (Yubileynaya) pipe, located in the eastern Republic of Yakutia. The octahedron crystal has inclusions of olivine, graphite and sulphide, is transparent yellow-tinted and measures 28.96 х 28.03 х 27.30 mm. "One more discovery weighing almost 100 carats confirms the fact that Jubilee pipe today is ALROSA's absolute leader in the recovery of large gem-quality diamonds.
The first ore from the open-pit Zapolyarny mine, one of four pipes at the Verkhne-Munskoe kimberlite field in the Republic of Sakha (Yakutia), was delivered to the stockpile of the processing plant No. 12 at Udachny Mining and Processing Division. The company plans to remove a total of 75,000 tons of ore from the new deposit - ALROSA’s largest investment project - before the end of the year. All the transported ore will be processed at processing plant No. 12.
On July 18, a very large rough diamond weighing almost 110 carats was recovered at the Processing Plant No. 3 of ALROSA’s Mirny Mining and Processing Division. Two days earlier, a 75-carat rough diamond was recovered at the Processing Plant No. 14 of Aikhal Mining and Processing Division. These large rough diamonds became presents for two anniversaries celebrated by the Company - 60 years of diamond mining industry and 25 years of ALROSA. Both rough diamonds are initially estimated as gem-quality. They are octahedron crystals with small inclusions, one of them with a straw-yellow tint.
Russia’s Alrosa (MCX:ALRS), the world's top diamond producer by output, said Tuesday it found a 65.75-carat precious rock at the Jubilee kimberlite pipe of its Aikhalsky Mining unit in Yakutia, northeast Russia. A transparent crystal in the form of an octahedron with a slight yellowish tinge and insignificant inclusions of sulfides in the near-surface zone has dimensions of 23 x 16 x 17 mm. The Aikhal Mining and Processing Division (MPD), established in 1986, mines diamonds at the following deposits: Jubilee and Komsomolsky open-pits, Aikhal underground mine.
Russia’s dimond mining giant ALROSA recovered a 60.32 carat rough diamond which experts believe could yield up to US$174.5 thousand per carat. The Octahedron crystal is transparent with a yellow hue and was recovered at Mirny’s Mining and Processing Division, from the Gornoye alluvial deposit. It is the only plant in Russia which processes rough diamonds recovered by dredging fleet.
Russian diamond miner ALROSA might consolidate ALROSA-Nyurba - ALROSA's biggest subsidiary - after closing a deal to buy 10% of shares from Yakutia, said the head of the Sakha Republic (Yakutia), Yegor Borisov, in a conversation with regional media. "ALROSA might make a decision to consolidate assets with the aim of optimization. The company would become stronger as a result of this and we support it in this. ALROSA-Nyurba could simply be liquidated," Borisov said.
Back in September 2016, ALROSA announced a partnership with Indian company KGK Diamonds Private Ltd, a global leader in diamond cutting, to develop cutting and polishing facilities in Eurasian Diamond Centre in Vladivostok.
"Just last week, Yury Trutnev [Deputy Prime Minister and Presidential Envoy to the Far Eastern Federal District] held a meeting to support the Russian diamond-cutting industry, and a number of decisions were made that will help the Russian diamond-cutting industry to overcome the crisis and compete with foreign companies. The issue of developing Vladivostok on the basis of a free port was discussed at the meeting, and Vladivostok will develop as a diamond center.
ALROSA recovered a large diamond of 121.88 carats from Jubilee kimberlite pipe in the Republic of Sakha (Yakutia), according to a press release (translated by Rough-Polished). The diamond was extracted by the company’s business unit Aikhal Mining and Processing Division (MPD) at the processing plant No.14. The diamond crystal has a yellowish tint, its dimensions are 28 х 18 х 19.5 mm.
Rough-Polished, citing Russian News Agency Tass, reports that nine new diamond deposits in two Arctic regions of Yakutia will be commissioned by 2025 by ALROSA subsidiaries, according to Vasily Zakharov, the first deputy minister of Industry and Geology of the Republic of Yakutia. "In 2016-2025, the two companies – Nizhne-Lenskoye and Diamonds Anabara (ALROSA subsidiaries) will commission nine new locations in two Arctic regions," - he said.
Anton Siluanov, Finance Minister of the Russian Federation, was reelected chairman of the Supervisory Board of ALROSA, the world's largest diamond miner, accounting for more than 29% of global diamond production in terms of carats and 95% of Russia’s overall diamond output. Yegor Borisov, Head of the Republic of Sakha (Yakutia), was reelected as the first vice chairman and Alexander Galushka, Minister for the Development of the Russian Far East, was confirmed to continue as the vice chairman.
Citing Russian news site Prime, Rough&Polished report that ALROSA has earned $1.13 million at ts Diamond auction week in Yakutia. Catherine Kormilitsyna, the head of the Ministry of Enterprise and Tourism of Yakutia, said that, "ALROSA diamond company sold a total of 25 lots worth $1.13 million during the Diamond week... In 2014, ALROSA gained more than $2 million during the auction," yet she claims that ALROSA has denied the impact of the economic crisis on the sale of rough diamonds. This year's range of products did not arouse much interest, apparently.
Diamond mining in Yakutia (almost the entire production of ALROSA) in the first half of 2015 increased by 10.8%, said the president of the republic Egor Borisov at a meeting on the preliminary results of socio-economic development. It was reported earlier that in the first half of 2014 ALROSA produced 15.9 million carats of diamonds, over 98% of which were Yakutian assets of the company. According to the socio-economic development data of Yakutia in 2015-2019, the republic plans to produce $4.2 billion worth of diamonds by 2019.
In an in-depth opinion piece on Rough & Polished, Nyurgun Timofeev, Chairman of the Diamond Council of Yakutia, argues that today Russia is not maximizing the potential of local diamond manufacturing, contrasting heavily with competitors who the author believes are constantly improving technology, pushing innovation and creating a stimulating business environment.