One of Russia’s top diamond producers, Alrosa, is poised to take the lead in the global colored-diamond market as soon as Australia’s Argyle mine – currently the largest supplier of the precious rare stones – closes.
The Argyle diamond mine, widely regarded as the world’s number one source of treasurable pink gems, as well as other colored diamonds, is expected to close in late 2020 after more than 30 years of operation, due to the depletion of economically viable stones. The closure is expected to have an impact on the whole global diamond industry, and may also make Russia the top supplier of the most valuable stones.
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