Russia’s largest diamond miner Alrosa discovered a unique diamond weighing 158.2 carats and worth over $1.5 million© Photo Alrosa press service
MOSCOW, September 25 (RIA Novosti)
- Alrosa sells $11 mln worth of diamonds at first electronic auction
- Alrosa to Float 14% of Stock on MICEX in 2012
- Alrosa's third-quarter net profit down 36 pct to $290 mln
- Alrosa diamond firm may hold IPO at end of 2012
Russia’s largest diamond miner Alrosa discovered a unique diamond weighing 158.2 carats and worth over $1.5 million, the company said on Tuesday.
The diamond was found in September at diamond-mining factory No. 16 of the Nyurbinsk ore mining and processing enterprise in the Republic of Yakutia in Russia’s north-east.
“In the estimate of Alrosa’s specialists, this diamond may be sold for over $1.5 million at auction. This diamond, if it is processed, may also produce several quality diamonds, each of them worth over several hundred thousand U.S. dollars,” Alrosa said in a statement.
Alrosa is one of the world's largest diamond companies, accounting for about 28 percent of global production, and produces 97 percent of all diamonds in Russia. The company boasts proven diamond reserves that enable it to maintain diamond production for over 25 years.
Add to blog
You may place this material on your blog by copying the link.
If attempts to drag Russia into a direct military conflict in Ukraine are successful, it would be a catastrophe for Russia comparable to the 1979-1989 Afghan war. There is no direct evidence that the US is trying to bring about a second Afghan war, but indirect evidence abounds.