Industry News

September 29, 2019

Alrosa is set to finalize its acquisition of diamond manufacturer Kristall in a $29 million deal in October, following approval from its supervisory board.

Alrosa expects the RUB 1.89 billion sale-and-purchase agreement to be signed by the end of the month, with a con...

September 18, 2019

Alrosa’s supervisory board is set to vote on the acquisition of diamond manufacturer Kristall, which will enable the miner to focus on increasing sales in the US and China, it said Tuesday.

The deal, which will go up for consideration on September 24, will cost Alrosa...

September 4, 2019

KGK DV, a subsidiary of the Indian diamond company KGK Group LLC, intends to invest about 1.5 billion rubles in the creation of a diamond center in Vladivostok. The center will be created on the basis of an existing diamond factory, Interfax reports. 


It said that acco...

September 1, 2019

India and Russia are looking beyond energy and military hardware to expand their time-tested strategic ties with cross-investments into diamond cutting and polishing business, mining, dairy farming, pulp industry as well as tourism and hospitality business, and Russian...

July 17, 2019

AGD Diamonds, the firm that operates and owns the Grib diamond mine in northern Central Russia announced it has recovered a gem-quality, deep lemon yellow diamond, weighing 47.61 carats, on July 13, 2019.

The stone was found during the ore processing at Grib's processin...

July 17, 2019

The largest investment project of Russian diamond miner Alrosa, the Verkhne-Munskoye diamond deposit, produced a 63.15 carat diamond earlier this month.

The rough stone came from the deposit's Zapolyarnaya pipe. The crystal has an octahedral shape with small...

June 23, 2019

Yury Trutnev, Vice Prime Minister and Presidential Plenipotentiary in Russia’s Far Eastern Federal District held the Indian Investor Day in Mumbai, during which the representatives of the two states discussed cooperation for the development of the diamond-cutting indus...

May 22, 2019

Russia's major diamond mining firms including Alrosa have urged India to amend consumer laws on synthetic diamonds so that there is clarity on the quantity of synthetic diamonds entering the country and how they are being used, India's Economic Times reported.

Industry...

May 13, 2019

Work at the Udachny mine of ALROSA resumed, according to a report of Interfax citing the statement of the diamond miner’s press service. As of 14:00 Moscow time, the methane content in the air corresponded to the maximum permissible concentration, so the miners went do...

May 8, 2019

To prevent the penetration of synthetic stones into the market of natural diamonds, the natural stones industry needs to support initiatives to classify synthetic diamond products for customs clearance under separate product codes. 


This was announced by Deputy Finance...

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