The boss of Russia’s state-controlled gem-miner flaunts the timeless appeal of real rocks FROM THE air, the mine in Nakyn looks as if a giant took an ice-cream scoop to the Earth’s crust. Inside the pits, in Russia’s far-eastern region of Yakutia, trucks with wheels taller than their drivers rumble along narrow dirt roads carved into the mine’s walls, carrying loads of ore. The purpose of this gargantuan enterprise is something altogether more discreet. For Nakyn harbours one of the world’s richest deposits of diamonds. As incongruous, at least on the face of it, is the selling point Yakutian diamonds have for the carat-crazy. “Provenance is our competitive advantage,” says Sergei Ivanov, ch
[Image Courtesy: Krystal Grown Diamond, Trepup] Over 600 units in Surat - India's diamond capital have shifted to Lab Grown diamonds, while exports of Lab-grown diamonds from India increased by 94% in the April to July 2019 period. At a time when diamond industry is going through a glut, Lab Grown Diamonds have come to the rescue of the world’s largest diamond processing center – India’s diamond value chain. More than 150 units in India’s diamond capital – Surat, where according to an estimate around INR 30,000 crores ($ 4+ Bn) worth of diamonds have been produced in the last 3 years, have started to grow Lab-grown diamonds. Due to recession like scenario in mined diamond sector, number of L
