Alrosa Finds a Huge Yellow Diamond at Yakutia Mine

Alrosa Finds a Huge Yellow Diamond at Yakutia Mine

Alrosa Finds a Huge Yellow Diamond at Yakutia Mine

The world’s largest diamond producer by output, Alrosa (MCX:ALRS), announced the recovery 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.

“According to our information, more than 20 large rough diamonds over 50 carats have been extracted from Jubilee since the beginning of 2017. We are waiting for the new stone to be delivered to USO for a detailed examination and valuation,” the Director of the United Selling Organization Alrosa, Evgeny Agureev, said.

Given that large stones tend to receive unique names, diamond fans are impatiently waiting to see how the new yellowish gem is going to be baptized.

Earlier this year, a 51.91-carat rough diamond from Jubilee was named “Russian Ambassador Andrey Karlov”.

Half of the world’s rough diamonds come from Anglo American’s De Beers and Alrosa mines.

Have a terrific weekend.

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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