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Russian government could buy rougher from Alrosa

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The Russian government could buy more rough diamonds from the state-run miner Alrosa, as it faces ongoing G7 sanctions and weak global demand.The Finance Ministry says it will assess the situation after seeing second quarter results.Alrosa last week reported a 77 per cent slump in profits for 2024 (down to $223m) and has said it could suspend some less profitable activities and lay off some of its 35,000 workers.

In December 2024, ALROSA, Russia’s leading diamond mining company, reached an agreement to sell a batch of rough diamonds to the Gokhran of Russia, the state repository for precious metals and gemstones. This batch included a notable 390-carat diamond, the largest discovered in Russia over the past decade, unearthed from the Ebelyakh deposit in Yakutia in September 2023.

This transaction occurred in the context of ongoing international sanctions and a global downturn in diamond demand, which have impacted ALROSA’s traditional sales channels. The Gokhran’s purchase provided financial support to ALROSA during these challenging times.

The Russian government has indicated plans to continue such purchases, with the federal budget allocating up to 154.5 billion rubles (approximately $1.55 billion) for acquiring precious metals and gemstones for the Gokhran between 2025 and 2027. Alrosa has previously offloaded excess inventory to Gokhran, the Russian State Precious Metals and Gemstones Repository in times of weak demand.

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DiamondBuzz

GIA Puzzled by Rare Starburst Inclusions in Yellow Diamond

A 2.50-carat yellow diamond shows never-before-seen starburst cloud formations, prompting deeper investigation by GIA scientists.

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The Gemological Institute of America (GIA) recently encountered an exceptionally unusual diamond that defied easy explanation. The 2.50-carat round brilliant, graded at the institute’s Carlsbad, California, laboratory, displayed star-shaped inclusions so distinctive that researchers struggled to pinpoint their origin.

According to research “several randomly distributed yellow zones consisting of stacks of clouds with four-sided star patterns near the girdle noticed in the diamond.” These clouds—clusters of micro-inclusions—each contained a central concentration of more intensely colored particles arranged in a cross-like formation. When viewed from an alternate angle, the phenomenon appeared as a row of bright-yellow overlapping triangles, prompting the GIA to launch an in-depth analysis.

Initial observations revealed blue fluorescence under long-wave UV light, while the clouded yellow patches displayed weak yellow fluorescence under deep-UV imaging. Testing also indicated the presence of hydrogen-related defects, typically associated with brownish or greenish color components. However, these did not explain the intense yellow coloration of the zones, which is more commonly linked to cape defects, H3 centers, isolated nitrogen (C-centers), or a 480-nanometer absorption band.

To probe further, GIA scientists used photoluminescence spectroscopy to compare the yellow zones with surrounding areas. The results showed no signs of H3-related features or absorption-band activity. The only notable finding was a nitrogen-vacancy center present exclusively within the vivid yellow areas, suggesting the coloration stemmed from C-centers confined to specific surface regions.

The lab initially considered whether the diamond might resemble a case reported in 2020, in which a near-colorless diamond developed a yellow overgrowth layer late in formation. However, the composition and behavior of the current stone’s micro-inclusion clouds did not align with that scenario.

GIA researchers concluded that the origin and formation of the starburst-like micro-inclusions remain unknown — a mystery that will require further investigation.

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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