Nov 14, 2017, 08:00 ET
TORONTO, Nov. 14, 2017 /CNW/ - Almazy Anabara, a subsidiary of Russian mining company Alrosa, has found a large yellow diamond in the northeast part of the Republic of Sakha, in Russia. Paragon International Wealth Management, a leader in the acquisition and management of fancy colored diamonds, predicts that the diamond, which follows other big finds by Alrosa this year, will fetch a high price if it reaches the market.
The yellow diamond is 34.17 carats and has a small inclusion. Alrosa stated that the dimensions of the stone were 20.17 mm x 19.65 mm x 15.1 mm. Almazy Anabara unearthed the diamond in the Ebelyakh alluvial deposit. The company's discovery of the yellow diamond follows the unearthing of a giant 65.75 carat yellow diamond in June and a 27.85 carat pink diamond in September of this year.
Alrosa has stated that it intends to send the yellow diamond to United Selling Organization Alrosa, located in Moscow, for further assessment. "The Company's specialists are still to study the stone more in detail, but we can say in advance that it is fancy vivid yellow, which is very rare and highly valued. The stone will become a worthy addition to our collection of large rare-colored diamonds that we are forming and will bring to the market," said Evgeny Agureev, the director of the United Selling Organization Alrosa, in a statement from the company.
Paragon International Wealth Management adds that the discovery of a yellow diamond of such high quality and size is an exciting development and represents another excellent colored diamond find for Alrosa. Paragon International Wealth Management indicated that Alrosa's additional examination of the stone would provide more information about the eventual value that the stone might fetch at market.
ABOUT PARAGON INTERNATIONAL WEALTH MANAGEMENT
Paragon International Wealth Management, which is based in Toronto, is a leader in the investment and management of fancy colored diamonds. The mission of the firm is to provide clients unmatched advice and guidance in building an advantageous hard asset investment portfolio. Over the last fifteen years, fancy colored diamonds have become more popular as an investment vehicle and have exhibited higher profit margins over time than other hard assets.
SOURCE Paragon International Wealth Management Inc.
For further information: Operations Manager: John Moore, [email protected], www.paragoniwm.com
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