De Beers only selling Elizabeth Bay Mine in Namibia, move to sustain operations beyond 2019

Namdeb Holdings, a 50/50 joint venture between the Namibian government and De Beers is not selling Daberas, Sendelingsdrift and Southern Coastal mines in the southern African country. It had been alleged that Namdeb was planning to close and offload...

Yesterday

Colorless diamonds as an investment class are evolving beyond their traditional ability to preserve, relocate and pass on wealth

Antonio Cecere, the Founder & VP of Monaco Diamond Exchange dons many caps simultaneously. Currently, he is the President of Geneva Diamond Exchange, the President of Diamond Investment Club and the Principal of the Cecere Group. Antonio’s ability to...

15 april 2019

Jewellery with diamonds, even with small ones, sells better than without diamonds

The Yakut jewellery firm Kierge was set up 25 years ago on the basis of the jewellery workshop PKF Yakutrembyttekhnika which, in its turn, was founded way back in the 1970s. Over this period, Kierge turned into a well-established company successfully...

08 april 2019

Lucapa’s Wetherall on the past, present and the future

Lucapa Diamond chief executive Stephen Wetherall recently attended a mining conference, in Cape Town South Africa, where he met Rough & Polished’s Mathew Nyaungwa and granted him an exclusive interview. They discussed Angola’s first international diamond...

01 april 2019

India’s gem and jewellery industry expects the government will consider its demand for lower import duty on raw materials

A go-getter at heart, with an attitude to match, Pramod Kumar Agrawal, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) of India is a man in a hurry. He has not left any stone unturned to bring back the Indian gem & jewellery...

25 march 2019

ALROSA recovers first large diamond from Verkhne-Munskoe deposit

07 november 2018
PJSC ALROSA, the world leader in diamond mining, announces the recovery of the first large gem-quality rough diamond from Verkhne-Munskoe deposit that was commissioned on October 31.

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Image credit: ALROSA


The transparent round-shaped octahedron crystal with insignificant yellow hue was recovered from Zapolyarnaya pipe – one of four kimberlite pipes of the deposit. The 51.49-carat rough diamond measures 23 by 22 by 15 mm. The approximate age of the extracted crystal is over 350 million years.
“It is the first rough diamond over 50 carats from Verkhnyaya Muna. We have just started mining here, so it is a very promising event evidencing of the good potential of the deposit, says Alexander Makhrachev, Director of Udachny Mining and Processing Division. – Despite small inclusions and cracks, this stone is undoubtedly a gem-quality rough diamond that will bring to life one or several high-grade polished diamonds.”