A high-quality diamond weighing 340 carats has been mined at a deposit in Russia’s Arkhangelsk region, Governor Alexander Tsybulsky has stated, saying that “the diamond is one of the five largest diamonds unearthed in Russia and the biggest ever found during the industrial development of the Arkhangelsk V. Grib deposit. Such crystals account for no more than 2% of all natural diamonds.”
The V. Grib deposit is operated by AGD Diamonds with Russia being the world’s largest diamond producer by volume. The Arkhangelsk region is a key diamond mining area in Russia, producing the largest volume of diamonds in Europe. The Russian diamond industry is sanctioned by the European Union, and its diamonds are banned from being traded within the EU. As a result, the global center for diamond trading has moved from Amsterdam to Dubai.
Further Reading
Alrosa Uncovers Russia’s Largest-Ever Diamond: Gem Cutting Interest From Asia