ALROSA Leading Colour Diamonds
The Russian company is set to become the
leading world producer
of coloured diamonds
September 2020 - Australian diamond mine "Argyle" is set to wind up its operation
towards the end of 2020. It's been the world's leading producer of pink diamonds, as well as other coloured
But after 30 years "Argyle"
mine seems to be running out of economically viable coloured stones, forcing it to close down the mine. The
eventual closure will affect the industry of coloured diamonds worldwide.
benefit from Argyle closure
The one company that seems to be set to
benefit from this anticipated closure of "Argyle" mine is Russian company Alrosa. They could become the most
valuable and leading producer of coloured diamonds.
|If the Australian Argyle diamond mine closes by the
end of 2020,
this could push Russian ALROSA as the leading producer
of colour diamonds.
ALROSA owns a few mines for coloured diamonds, such as Manymaz
and Almazy Anabara. The later is also known as
Diamonds of Anabar. This is where one of the most expensive, purple-pink diamonds was found, weighing 14.83 carats.
It could become one of the most expensive Russian diamonds.