Botswana Diamonds deal with Diamexstrat, Burgundy more extensive than that with Alrosa – Campbell

Botswana Diamonds recently entered into a cooperation agreement with Diamexstrat Botswana and its partner, Burgundy to fund exploration of its prospecting licence assets in the southern African country. Company managing director James Campbell told Rough&Polished's...

01 march 2021

‘By democratizing luxury, lab-grown diamonds are heading towards opening the widest consumer base globally the diamond industry has ever experienced’, asserts Amish Shah, President, ALTR Created Diamonds

A third-generation diamantaire, Amish Shah, President of ALTR Created Diamonds and pioneer of the lab-grown diamond market has never been afraid to challenge the status quo. After gaining experience, through his family business in the diamond industry...

22 february 2021

Debbie Azar: “I believe that natural and laboratory-grown diamonds are two separate products that can complement each other through their unique features and benefits”

GSI is one of the largest gemological organizations in the world with 13 laboratories globally. GSI’s four pillars – integrity, innovation, professional service, and research & education – serve as the backbone of its business and provide a layer of...

15 february 2021

Consumer spending on diamonds exceeds expectations as rough demand outstrips supply – Zimnisky

Consumer spending on diamonds exceeded expectations in the fourth quarter of 2020 and has continued through early 2021, according to a top industry expert. Diamond industry analyst Paul Zimnisky told Rough&Polished’s Mathew Nyaungwa that a multi-year...

08 february 2021

Every crisis creates new opportunities

Pravin Shah has been in the business of diamonds for four decades; his technical expertise and thorough knowledge of the whole diamond manufacturing process sets him apart.
As a director, Pravin Shah is in charge of all the operations at two manufacturing...

01 february 2021

ALROSA names a large diamond mined in Yakutia as Sputnik V

19 february 2021
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Image credit: ALROSA

ALROSA has decided to name an especially large gem-quality diamond in honor of the first Russian vaccine against COVID-19. The company announced this in a press release distributed earlier this week. Named Sputnik V, the diamond weighs 100.53 carats.
The light-yellow precious stone was mined at alluvial diamond fields in Nothern Yakutia. “Rough diamonds of this size and color are true natural wonders. Therefore, we decided to name this outstanding crystal after the first Russian coronavirus vaccine, which is also a miracle created by our scientists. The vaccine itself and the fact that it was developed so fast are both exceptional. This gives us hope getting back to life as usual in the foreseeable future,” commented Sergey Ivanov, CEO of ALROSA.
The Gam-COVID-Vac combined vector vaccine developed by the N.F. Gamaleya National Research Center for Epidemiology and Microbiology with support from the Russian Direct Investment Fund was registered by the Russian Ministry of Health in August 2020. The vaccine was named “Sputnik V” after the first Soviet space satellite, which gave a new impetus to the global space research.
The alluvial deposits in northwest Yakutia, where ALROSA's subsidiary Almazy Anabara operates, are traditionally the leaders in mining of natural-colored diamonds, including those with exceptionally rare hues.