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The lab’s Tom Moses and Wuyi Wang reached this conclusion after being granted permission to visit a diamond-growing factory in China.
Mining company Alrosa has dubbed the 83.59-carat diamond it recently recovered from the Jubilee kimberlite pipe “Mothers of Russia.”
Russian diamond mining company Alrosa reported Thursday that revenue was up 8 percent in 2015 to $3.28 billion, due to a favorable market environment and the rouble’s depreciation against the dollar.
After an 18-month pilot program, the company officially has launched the International Institute of Diamond Valuation to provide stone reselling opportunities for both the trade and consumers.
During a year that saw the market for both rough and polished diamonds constrained, the mining company’s revenue decreased to $249.5 million while profit was up 12 percent.
Mike Clemente now is vice president of sales while Brian Newman has been appointed Northeast territory manager.
Morrison, the Diamond Producers Association’s managing director of marketing, will exit the organization in May to “pursue another professional opportunity.”
The company, which is one of the largest suppliers in the United States, said it wants to “give jewelers every option they need to thrive.”
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