The new deposit should compensate for the depleting stock of the Komsomolsky open-pit mine.
ALROSA Mining News
Natural diamond supply is estimated to come off this year and continue to incrementally decline through at least 2021, which should be supportive of diamond prices and thus miners.
The Diamond Producers Association, which represents mining companies like De Beers, Rio Tinto and Alrosa, welcomed the FTC insistence that companies distinguish between diamonds that are mined and those that are made in laboratories.
The world's biggest producer of rough diamonds in carat terms raised $11.8m in its first New York diamond auction this year.
During a 5-day experiment, the company extracted 239 diamonds larger than 8 carats.
Alrosa will assess Zimbabwe's diamond reserves over the next six months but would only start mining if it can take a majority stake in such a project.
Russian diamond giant says decision to restore underground mine will be made before 2024, but construction could take up to eight years.
Reserves were estimated at 628 million carats.
Russian state-controlled diamond producer Alrosa said on Friday its 2018 net profit rose to 90.4 billion roubles ($1.4 billion).
De Beers quietly entered the recycled diamond business in 2016.
Rough diamonds sales in February increased to $340.6 million, compared to $278.2 million in January 2019.
Zimbabwe holds the world’s second-largest known reserves of platinum-group metals after South Africa, plus substantial deposits of gold, diamonds, lithium, iron ore, coal, chrome and nickel.
The rock, a unique transparent one with a visible yellow shade and of gem-quality, is the second major find since the launch of the Verkhne-Munskoye diamond deposit.
The unusual gem found by Alrosa weighs 65.7 carats.
The Russian miner sees encouraging prospects from colourful diamonds, market in which it aims to become the world’s leader.
Diamond sales dropped by 44% year-on-year in the first month of 2019.
The 191.46-carat stone was found earlier this month at the company's Udachny mining and processing division.
World’s top diamond producer by output Alrosa and China-owned Anjin are the two foreign companies chosen by Zimbabwe's government to partner the state-diamond miner in exploring and digging up diamonds.
Rebecca Foerster, former Vice President of Strategic Planning and Marketing at Leo Schachter Diamonds, was appointed President of Alrosa USA Inc.
Given the positive feedback received following two sales events in New York, the company decided to increase the number of auctions in the United States this year.
Alrosa traditionally holds its auctions in Russia, Belgium Israel, Hong Kong, the United Arab Emirates and the United States.
The world’s top diamond producer by output, is returning to Zimbabwe after almost two years, as the company continues to expand beyond Russia.
ALROSA saw a 6% growth in its diamond sales last year.
The environmental and energy characteristics of almost 6 thousand companies were compared during the preparation of the rating.
The world’s top diamond producer held six auctions this year in the Middle Eastern country.