“Almazy Anabara”, a subsidiary of ALROSA, recovered a large pink rough diamond weighing 27.85 carats. This is a unique discovery: by far the largest company’s pink rough diamond had a weight of about 4 carats. If the company decides to cut this stone, it could become the most expensive polished diamond in the history of ALROSA.
Though the warning signs were on the wall – trust-based banking in the diamond sector seems all but dead. Three specifically named mammoth Indian diamond firms have apparently made some astonishingly brazen propositions to two of their leading lenders (ADB/KBC and Standard Chartered Bank). “We want an immediate haircut of 70% – and the remaining 30% we shall repay in a ten-year period. If you don’t take it, you won’t see any money.”