Alrosa Uncovers Yet Another Massive Diamond

July 14, 2016

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It seems like Alrosa Diamond (MCX:ALRS) is constantly discovering massive diamonds.  The company’s most recent find is a 214.65 carat diamond from its Nyrbinskoye placer deposit, announced on July 13.

Alrosa’s press release states that the gem is roughly 42 by 4 by 16 m and is translucent with a grey hue.

Dissolution-tetragonal cavities are also visible on the diamond’s surface and contains cracks with graphite and sulphide composition.

Alrosa is well known as the world’s largest diamond producer by output in carats. With that in mind, the Nyurbinskoye placer deposit is in the immediate vicinity of the Nyurbinskaya pipe primary deposit- a source of diamonds.

The Nyurbinskaya deppsoit is run by one of Alrosa’s younger units—the Nyurba Mining and Process Division which operates the Nakyn ore field and develops Nyurbinksy and Botuobinsky open-pit mines.

Aura’s Nuyrbinsky open-pit mine has been in operation since 2001. In January 2015, identified reserves totaled 36.9 million carats.

Other discoveries made by Alrosa in recent times include the discovery of a 241.21 carat diamond in June and a 105.6 carat one last December.

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Securities Disclosure: I, Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article.

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Category: Gem