Alrosa Unearths 99 carat Gem-quality Diamond

Alrosa Unearths 99 carat Gem-quality Diamond

The world’s Top diamond producer by output, Alrosa, (MCX:ALRS) has unearthed a rough diamond weighing 98.8 carats at Zapolyarnaya kimberlite pipe, which is the part of Russia’s Verkhne-Munskoye diamond deposit.

The rock, a unique transparent one with a visible Yellow shade and of gem-quality, is the 2nd major find since the launch of the deposit last October, Alrosa said.

“The find speaks about the great potential of the Verkhne-Munskoye deposit,” Evgeny Agureev, member of the management board, director of the united selling organization, said in the statement. “Not every kimberlite pipe regularly brings large diamonds over 50 carats. Especially when it comes to such a large crystal, like this 1 weighing almost 100 carats.”

The 1st large gem-quality diamond, weighing 51.49 carats, was mined there in October last year.

The Verkhne-Munskoye deposit is expected to yield about 1.8-M carats of rough diamonds per year. According to Alrosa, its reserves are sufficient to continue mining for more than 20 years, or until Y 2042.

Last month, the company found a white rough diamond weighing nearly 200 carats at its Udachnaya pipe, its largest find in more than 2 years. The asset ranks among the largest primary diamond deposits both in Yakutia and abroad.

Alrosa produces close to 40-M carats of diamonds annually from its Russian mines, or about 27% of the world’s total. That’s 18% more than its closest competitor, Anglo American’s De Beers. 

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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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