Boom! 💥 Alrosa, Russia’s state-owned diamond titan, has just pulled a record-breaking 468-carat amber-hued diamond from the newly reopened Mir mine in Siberia's Sakha Republic.
🪙 Named: “80 Years of Victory in the Great Patriotic War”
It honors the 80th anniversary of the Soviet Union’s WWII victory.
“It is symbolic that it was found in the year of the 80th anniversary of the Great Victory,” said CEO Pavel Marinychev.
📍 About the Mir Mine
- Closed in 2017 after a tragic flood
- Reopened with $762M investment (70B rubles)
- Safety overhaul + tech upgrades in place
- Target: 2 million carats/year by 2030
- Mine life projected through 2048
⛏️ Alrosa’s Global Clout
- 🧊 99.6% of Russia’s diamond output
- 💎 ~30% of the global supply
- Previous 2024 find: 100-carat “New Sun” diamond
- Pushing back against EU sanctions by shifting trade to Asia & Middle East
- 📈 Hong Kong exports up 18x
- 🇦🇪 Dubai becoming key sales hub
⚠️ The Big Picture
While Western sanctions try to freeze Russia out, Alrosa is doubling down. With this new mega-gem and a revived mine, Russia is flexing its sparkle on a global stage—ready or not. 💥