Despite various sanctions being imposed on Russia and Alrosa, the country’s largest diamond producer, the international industry is increasingly being divided.
India Bore Diamond Holdings (IBDH), one of two Australian companies currently operating at the Ellendale site in Western Australia – has confirmed two separate layers of diamondiferous gravel deposits at its site.
Canadian mining and natural resource company Star Diamond has discovered an “exceptionally high proportion” of rare Type IIa diamonds from samples taken from its Fort a la Corne drilling site located in central Saskatchewan.
As the price of rough diamonds continues to increase due to an existing supply shortage further amplified by the ongoing sanctions on Alrosa, mining giant De Beers is uncertain it can meet the increasing market demand.