Diamond giant Alrosa PJSC said it mined a 390.7-carat diamond of jewelry quality, the largest to be recovered in Russia a decade.
The company, which is under sanctions linked to the Russian invasion of Ukraine, found the diamond at the Mayat mine in Yakutia. The stone is of non-standard shape and bordered by a yellow-brown halo, the company said in a statement on Sunday. It’s the largest gem-quality diamond mined in Russia since 2013.
Attempts to stop the sale of Russian gems in Europe have met resistance from importer nations like Belgium, who argue doing so would just shift the trade elsewhere. But there is growing speculation that G-7 nations — Canada, France, Germany, Italy, Japan, UK and US — and the EU will announce further restrictions this month.
Alrosa’s sales took a hit after US sanctions were first announced, but recovered by shifting volumes to Asia, mainly India.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Germany will keep Russian oil giant Rosneft subsidiaries under its control for another 6 monthsBERLIN (AP) — The German government said Friday it will keep two subsidiaries of Russian oil giant Rosneft under the control of German authorities for another six months.
Read more »
Fishermen save rare, giant sea turtle from entanglement in P.E.I. watersBrent Jadis and his cousin, Brandon Simon, had an unexpected encounter on Aug. 29 when the commercial fishermen were working in the Northumberland Strait ...
Read more »
Strike Looms at First Quantum's Giant Copper Mine in Panama on Impasse in Wage TalksCanadian copper producer First Quantum Minerals Ltd. faces the threat of a strike at its flagship mine in Panama this weekend if union leaders and company representatives can’t agree on a wage contract for workers at the massive operation.
Read more »
SpaceX can't launch its giant rocket again until fixes are made, FAA saysSpaceX must take a series of steps before it can launch its mega rocket again after its debut ended in an explosion, federal regulators said Friday.
Read more »
Fishermen save rare, giant sea turtle from entanglement in P.E.I. watersBrent Jadis and his cousin, Brandon Simon, had an unexpected encounter on Aug. 29 when the commercial fishermen were working in the Northumberland Strait ...
Read more »
Why isn't Canada an economic giant?Canada has vast potential, yet underperforms on the global stage, with poor productivity at the heart of its challenges. Find out more.
Read more »