Russian mining giant Alrosa said that the newly developed Mayskaya pipe is expected to start yielding diamonds in 2025, and that the deposit will bring approximately 1 million carats a year, Rough & Polished reports.   Credit: Alrosa   The Mayskaya pipe was discovered in 2006.  It is located in

Karelian Diamond Resources, which is exploring the Lahtojoki deposit on Finland’s eastern coast for diamonds, has announced the discovery of pink diamonds there, IDEX Online reports.   Credit: Rio Tinto   The Lahtojoki deposit “aims to develop as Europe’s first diamond mine outside Russia,” according to the report. In its

The Arctic Canadian Diamond Company, which operates Canada’s Ekati mine, are looking for approval to drain a nearby lake and dig three kimberlite pipes, IDEX Online reports. The expected lifespan of Ekati is currently until 2028.   Credit: Dominion Diamond Corporation   This, the company says, “is crucial to securing

World Diamond Council (WDC) President Edward Asscher spoke during the Opening Session of the 2021 Kimberley Process (KP) Plenary, calling for Kimberley Process members “to agree to expand the conflict diamond definition in order to support long-term consumer confidence,” Rough & Polished reports.   Credit: Shutterstock.com   Asscher highlighted the

In a recent interview with the Financial Times quoted by IDEX Online, Evgeny Agureev, Alrosa’s deputy CEO, warned that “the current shortage of rough diamonds could persist for several years.”   Credit: Alrosa   Agureev said: “Our industry will work with limited supply. There are projects, but these projects will