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ALROSA Mines 28.59-Ct. Intense Fancy Yellow Diamond

ALROSA announced it had recovered a 28.59-carat fancy intense yellow diamond (pictured) at its Ebelyakh placer deposit in July. The deposit is mined by ALROSA’s subsidiary JSC Almazy Anabara. The company said it is the largest yellow diamond it has recovered this year.

Evgeny Agureev, ALROSA Executive Committee member and Director of its sales arm, the United Selling Organisation (USO), observed, ”The extracted stone is our new unique discovery. Fancy colours are very rare in nature. This stone is also unique, because nature seemed to have prepared it for cutting and in advance gave it a pear-like shape. The USO has yet to study the diamond and decide whether to auction it as a rough or to cut it into a polished stone. However, even now, one can say this is a worthy specimen for replenishing our collection of coloured diamonds.”

Almazy Anabara is traditionally the leader in the number of fancy-coloured stones that ALROSA extracts. In 2017, it extracted a unique 27.85-carat pure pink diamond — the largest pink stone in ALROSA's history, and a large 34.17-carat vivid yellow diamond.

ALROSA said it plans to focus its cutting division on the processing of large and coloured diamonds and their subsequent sale. Starting this year, ALROSA sorts coloured diamonds according to a new technology, that includes almost all hues and colour grades. Most of these diamonds are processed by Diamonds ALROSA, the company's in-house polishing branch.

ALROSA produces at least 7,000 carats of coloured diamonds a year. In September, the company began its True Colours auction series in Hong Kong. That event showcased a collection of 250 diamonds of different shapes and hues. The company plans to run such auctions regularly.

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