De Beers shines light on budding jewellery designers

Diamond giant De Beers will this year conduct its bi-annual Shining Light Awards jewellery design competition. De Beers beneficiation manager Kagiso Fredericks told Rough & Polished's Mathew Nyaungwa in an exclusive interview they set aside 4.5 carats...

22 july 2024

DiaMondaine Diamantaires Club mulls diamond safari tours in southern Africa

DiaMondaine Diamantaires Club (DDC) is set to organise diamond safari tours in southern Africa, home to major diamond-producing countries. DDC founder Agnes Abdulahu told Rough&Polished’s Mathew Nyaungwa that the launch of the first diamond safari...

15 july 2024

Vladislav Zhdanov: Questions of efficiency and investment potential of diamond mining versus diamond growing pique keen interest

Vladislav Zhdanov is Professor at the National Research University Higher School of Economics (HSE). He told Rough&Polished about new researches into the effectiveness of diamond production methods.

02 july 2024

Why it's expensive to cut and polish diamonds in Africa? ADMA president António Oliveira has the answer

The African Diamond Manufacturers Association (ADMA) president António Oliveira told Rough&Polished’s Mathew Nyaungwa in an exclusive interview that the lack of a robust infrastructure in Africa fails to accelerate and encourage manufacturing...

24 june 2024

Edahn Golan: IPO feasible but not Anglo’s preferred way to sell De Beers

Edahn Golan, owner of the eponymous Edahn Golan Diamond Research and Data, told Rough&Polished's Mathew Nyaungwa in an exclusive interview that while an IPO of De Beers is “feasible,"  he does not think this is a route Anglo American...

17 june 2024

ALMAR has increased reserves of the Beyenchimee field by almost a third

11 october 2023

The ALMAR - Diamonds of the Arctic company reported its operational results at the Beyenchimee deposit in Yakutia to the State Commission on natural resources.

The diamond field is located near the river of the same name. For the company, it is one of its key projects, the press service of ALMAR reports.

Commercial production at Beyenchimee is not underway yet. ALMAR specialists are focused on geological exploration and other preparatory work. The company, as pronedra.ru reported, plans to start production in 2024. The deposit has quite promising reserves.

The company's report indicates significant C1+C2 reserves of alluvial diamonds of industrial categories. They are concentrated in braids, riverbeds and floodplains. The total reserves are estimated at almost 449,030 carats and almost 1.58 million cubic meters of sand. Proven reserves increased by 32% compared to previous calculations.

On average, Beyenchimee contains 0.28 carats of diamonds and 10.9 mg of gold per cubic meter of sand. In addition to this deposit, ALMAR is developing the Khatystakh field. Exploration expenses in the first half of 2023 are estimated at 120.6 million rubles.

ALMAR expects a further increase in proven reserves by the end of 2023. The work is being carried out despite the difficulties that have arisen due to geopolitical tensions. Sanctions affected many Russian industries, including gold and diamond mining. However, businesses are finding ways to adapt to new conditions.

Alex Shishlo for Rough&Polished