Demand for large lab-grown polished diamonds will grow in high-income countries

Anastasia Shramko is an expert in precious stones, rough and polished diamond market, and an analyst. She is an author of the course “Lab-Grown Diamonds: Gemology and the Market” conducted on the site and in collaboration with the GemAcademia (International...

23 may 2022

Waiting for Godot?: Botswana Diamonds awaits Zim kimberlite concessions application outcome

Diamond explorer, Botswana Diamonds applied for kimberlite concessions in the Northwest of Zimbabwe in late 2020. Company managing director James Campbell told Rough&Polished’s Mathew Nyaungwa in an exclusive interview that they are still waiting for...

16 may 2022

“The demand far exceeds the supply,” says Dev Shetty, Founder-President & CEO of Fura Gems

In 2017, after a decade as chief operating officer and board member at Gemfields a coloured gemstone mining company, Dev Shetty took the courageous step of starting, from scratch, a mining company. He named it FURA Gems. Today, it is one of the largest...

09 may 2022

Igor Kulichik: The diamond market is now in the initial phase of turbulence

Igor Kulichik is a well-known expert in the diamond market. He has worked in the diamond industry for 20 years: he was CFO of ALROSA from 2002 to 2017, and a member of the Board of Directors of AGD Diamonds from 2018 to 2022. He is also a member of the...

02 may 2022

There is a classic phrase: “Art is an Ambassador of Peace.” And this is true

Chief Expert of the Gokhran (State Valuables Depository) of Russia Veronika Voldaeva, Art History Ph.D., Honored Worker of Culture of the Russian Federation, author and compiler of the decorative and applied section of the Gokhran’s collection...

25 april 2022

The head of Yakutia advocates the construction of an underground mine at Yubileinaya

17 january 2022
The head of Yakutia, Aisen Nikolaev spoke in favor of building an underground mine at the Yubileinaya diamond pipe located 30 km northwest of the village of Aikhal, in an interview with Interfax during the Gaidar Economic Forum held last week in Russia.
“Being the head of the Republic of Sakha (Yakutia), I believe that a solid and large mine should be built on this diamond pipe. Especially taking into account the trends that we see in the world market, taking into account the prospects for the development of the [ALROSA] company, the development of the territory in which the company operates. I think this mine is necessary,” he said, according to Interfax, which also quoted ALROSA CEO Sergei Ivanov as saying earlier that the deposit's reserves allow the company to make a decision to build an underground mine.
As of July 1, 2018, reserves of the Yubileinaya diamond pipe (in proven and probable categories) were estimated at 105 million carats, according to the Interfax report.
However, the agency noted further that the company did not mention the project for the construction of the Yubileinaya mine, in contrast to the restoration of the Mir mine, among the promising ones. The Yubileinaya diamond pipe accounted for about 21% of the ALROSA Group’s total diamond output in 2020. In the absence of Mir, which was flooded in August 2017, the Yubileinaya mine may become ALROSA's fourth operating underground mine (if at the time of its commissioning production at the very first mine, International will not be stopped).
Experts previously drew attention to a number of specific features in the development of Yubileinaya including difficult hydraulic conditions, deterioration of diamond grade and quality of rough in the reserves lying under the quarry, and an unfavorable wind rose, which is fraught with gas contamination of workings, Interfax concludes.

Vladimir Malakhov, Rough&Polished