Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Commissioning of Mir underground mine

21 august 2009

Today the solemn ceremony of Mir underground mine commissioning took place in Mirny town, Yakutia, with the participation of the Chairman of the Government Vladimir Putin, President of The Republic of Sakha (Yakutia) Vyacheslav Shtyrov, ALROSA’s President Fyodor Andreyev and employees of the mine, ALROSA told Rough&Polished.
Mir is the second underground diamond mine in Russia, the first was Internatsyonalny mine (commissioned in 1999), which enabled ALROSA to accumulate invaluable experience of underground mining enterprise construction in the regions of the Far North.
Projected capacity of the underground mine is 1M tones of diamondiferous ore per year. The mine is expected to reach its projected capacity in 2012 while this year a total of 150,000 tones of ore to be processed.
Vladimir Putin noted that diamond sector “undergoes hardship” at present, but he expressed confidence that diamond mining sector and diamond market to recover in future. Speaking with the employees of the mine Putin stated: “There is no doubt that the world economic environment will recover. Your industry is important and sought, you can work in security.”
Development of Mir diamond pipe began in 1957. During the period of open-pit mining operations $17 billion worth of diamonds were recovered from the mine. In 2001 open-pit mining was exhausted and construction of underground mine was initiated. ALROSA invested a total of 22 billion rubles to this project which is expected to pay its way in 3.5 years. The first stage (till 615m depth) to be developed during the following 34 years, the second stage to operate for 16 concurrent years.
At present ALROSA conducts construction works at two more underground mines – Aikhal and Udachny.