Varvara Dmitrieva: The jewelry industry of Yakutia is distinguished by its creativity, unique cultural code and conservation of traditions

Varvara Dmitrieva, Associate Professor and Head of the Department of Precious Stones and Metals Processing Technologies of the North-Eastern Federal University, told Rough&Polished about the results of the Forum of jewelry Craftsmanship and the prospects...

16 april 2024

Valery Budny: There is no strategy and legislation in Russia enabling the full cycle processing of precious raw materials within the country

Valery Budny, Head of the Jewelry Russia program and CEO of the JUNWEX media holding, told Rough&Polished about the results of the meeting and pressing issues in the precious metals and precious stones (PMPS) and the jewelry sectors.

11 april 2024

Paul Zimnisky: Natural diamonds face the risk of eroding their appeal if constantly discounted

New York-based independent diamond and jewellery analyst and consultant Paul Zimnisky told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that the industry should do away with discounts. He said the industry should treat natural diamonds...

01 april 2024

Edahn Golan: Lab-grown diamond prices to continue declining

In an exclusive interview with Rough&Polished's Mathew Nyaungwa, Edahn Golan, proprietor of the eponymous Edahn Golan Diamond Research and Data, predicted that the prices of lab-grown diamonds would continue to decline, especially at the retail and...

25 march 2024

ADPA’s Ellah Muchemwa: G7 restrictions to bring extra costs from diamond mining to retail

The African Diamond Producers Association (ADPA), which has openly registered its disdain for the G7’s rough diamond trade restrictions, is of the opinion that the move will bring extra costs on all stages, from mining to retail. ADPA executive...

18 march 2024

Anabar Diamonds gets license for Ulaakh-Muna alluvial diamond deposit

12 july 2023

Anabar Diamonds, a subsidiary of ALROSA, received a license for the Ulaakh-Muna alluvial diamond deposit in Yakutia, according to state auction documents revealed by the Prime news agency.

The auction, which took place on July 25, was declared invalid, as only one application (by the Anabar Diamonds) was submitted for the auction. Still, the company will pay 15.5 million rubles for the license, up from a starting price of about 14 million rubles.

The license will be granted for 15 years.

The alluvial deposit Uulaakh-Muna is located on the territory of the Olenek Evenki district in Yakutia, 176 km southeast of the Olenek village, the administrative center of the region.

The area of the concession is 16.21 sq km. Off-balance reserves are estimated at 426 000 carats of diamonds with an average grade of 0.1 carats per cubic meter, of which C1 grade is 414 000 carats, and C2 grade is 11 600 carats.

Projected P1 resources for the project are 1.45 million carats of diamonds.

Theodor Lisovoy, Editor in Chief of the European bureau, Rough&Polished