Russian Diamond Giant ALROSA Plans to Develop New Diamond Deposits in Yakutia Containing Over 40 M Carats

Russia’s ALROSA plans to develop diamond deposits that it won at an auction by Russia’s State regulator for the usage of natural resources.

The deposits, located in the Republic of Sakha (Yakutia), Russia, are alluvial deposits at “Ruchey Gusiny”, “Ebelyakh” and diamond pipe “Dalnyaya”.

The total reserves of the diamond deposits are said to be 42 million carats, the average price per carat of which tops $70.