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

ALROSA commissions Udachny underground mine

27 june 2014
On June 27, 2014 ALROSA Group commissioned Udachny underground mine. Reaching its design capacity of 4 million tons of ore per year, Udachny will become the largest underground diamond mine in Russia and one of the largest worldwide.
The underground mine is expected to reach its design capacity in 2019. In the second half of 2014 diamond mining at Udachny will be ancillary to the ore body development. Commercial production is to start in 2015 to reach 2.4-3.0 million tons of ore per year by 2016, and 4 million tons per year by 2019.
The underground project is estimated to mine about 72.3 million tons of ore by 2034. The additional prospective resources are estimated at 72.8 million tons of ore. Once the design capacity is reached, Udachny underground mine will be able to provide over 5 million carats of diamonds per year.
Open-pit mining at Udachnaya kimberlite pipe, one of ALROSA’s largest deposits discovered in 1955, started in 1971. Rough diamonds mined at Udachnaya throughout its operation totaled some USD 80 billion.
Open-pit mining at Udachnaya pipe is expected to be fully completed in 2015, until then underground mining and operations in the open-pit mine will be parallel.
Udachny is the forth in succession and the largest underground mine operated by ALROSA. Nowadays ALROSA operates the International and Aikhal underground mines with the design capacity of 500 thousand tons of ore per year and the Mir underground mine with the design capacity to reach 1 million tons of ore per year.
'An ambitious program for the construction of underground mines is an integral part of ALROSA’s development strategy aiming to keep its world’s leading position in terms of rough diamond mining and ensure the diamond mining growth up to over 40 million carats. Launch of the Udachny underground mine will allow the Company to maintain stable volumes of diamond production in Western Yakutia for many years,’ Fedor Andreev, ALROSA’s CEO, said at the official start-up ceremony.
ALROSA Group is a group of Russian diamond mining companies, the world's largest producer of diamonds in terms of carats. ALROSA Group is engaged in the exploration, production and sale of diamonds. The Group is mining diamonds in the Republic of Sakha (Yakutia) and in the Arkhangelsk Region. The Group produced 36.9 million carats of diamonds earning RUB 168.5 billion in 2013.