Russia to continue buying diamonds through state fund in 2025
The Russian budget for 2025-2027 has set aside $1.55 billion for the purchase of precious metals and gems.
JSC Almazy Anabara, a subsidiary of ALROSA, has extracted a 28.59-carat rough yellow diamond at the Ebelyakh placer deposit in Russia. Following an assessment, the color of the stone is defined as rare fancy intense yellow.
It is the largest yellow rough diamond mined at ALROSA’s deposits this year. In 2017, Almazy Anabaraalso extracted a 27.85-carat pure pink diamond – the largest pink stone in ALROSA’s history, and a large 34.1-carat vivid yellow diamond.
The United Selling Organization of ALROSA and the company’s cutting division DIAMONDS ALROSA will study the diamond and decide whether to auction it as a rough or to cut it into a polished diamond.
ALROSA produces seven thousand carats of colored diamonds per year. In September, the true colors auction started in Hong Kong, where ALROSA showcased a collection of 250 diamonds of different shapes and hues.
Comments
Paul
Pretty exciting all this news of coloured beautiful diamonds hitting the market. Star Diamonds in Saskatchewan has heaps of them.. just being proven by Rio Tinto who is currently drilling their first confirmation hole right now. A government announcement is almost upon us and then…watch out! Better have a good look at DIAM before it takes off. just sayin!