Alrosa finds gigantic pink diamond, likely its most expensive one

Russia’s Alrosa (MCX:ALRS), the world’s top diamond producer by output in carats, has unearthed 27.85 carat pink precious rock the company believes it could be the most expensive it has ever found.

The miner, majority-owned by the Russian government, said the gem-quality stone was found at its alluvial mines in Russia’s Far East, adding that the largest pink diamond it had previously discovered was less than 4 carats in weight.

The impressive pink rock has very few flaws and could become the company’s most expensive polished diamond if it decides to cut it, Alrosa said in the statement.

More to come…

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