AGD DIAMONDS JSC mined a gem-quality diamond weighing 56.27 carats at its Grib deposit in Archangelsk. This is the sixth sizeable diamond (+50 carats) unearthed by the company in 2023, and the 42nd among the largest diamonds mined at the V. Grib deposit since the beginning of industrial mining.
Innovative kimberlite processing technologies allow AGD DIAMONDS to achieve extraction of high quality diamonds.
AGD Diamonds (formerly known as Archangelskgeoldobycha) is the only diamond producer in Russia independent of ALROSA, which accounts for about 10% of all-Russian production. According to its reserves, The Vladimir Grib diamond deposit developed by AGD is the fourth in Russia and the eighth in the world. Reserves were approved in 2010 in the amount of 76 million tons of ore.
The life of the field, which is currently being mined in an open manner, is more than ten years. AGD diamonds are usually sold at auctions in the world trade centers of Antwerp and Dubai through the sales division of Grib Diamonds.
Theodor Lisovoy, Editor in Chief of the European bureau, Rough&Polished
