Varvara Dmitrieva: The jewelry industry of Yakutia is distinguished by its creativity, unique cultural code and conservation of traditions

Varvara Dmitrieva, Associate Professor and Head of the Department of Precious Stones and Metals Processing Technologies of the North-Eastern Federal University, told Rough&Polished about the results of the Forum of jewelry Craftsmanship and the prospects...

16 april 2024

Valery Budny: There is no strategy and legislation in Russia enabling the full cycle processing of precious raw materials within the country

Valery Budny, Head of the Jewelry Russia program and CEO of the JUNWEX media holding, told Rough&Polished about the results of the meeting and pressing issues in the precious metals and precious stones (PMPS) and the jewelry sectors.

11 april 2024

Paul Zimnisky: Natural diamonds face the risk of eroding their appeal if constantly discounted

New York-based independent diamond and jewellery analyst and consultant Paul Zimnisky told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that the industry should do away with discounts. He said the industry should treat natural diamonds...

01 april 2024

Edahn Golan: Lab-grown diamond prices to continue declining

In an exclusive interview with Rough&Polished's Mathew Nyaungwa, Edahn Golan, proprietor of the eponymous Edahn Golan Diamond Research and Data, predicted that the prices of lab-grown diamonds would continue to decline, especially at the retail and...

25 march 2024

ADPA’s Ellah Muchemwa: G7 restrictions to bring extra costs from diamond mining to retail

The African Diamond Producers Association (ADPA), which has openly registered its disdain for the G7’s rough diamond trade restrictions, is of the opinion that the move will bring extra costs on all stages, from mining to retail. ADPA executive...

18 march 2024

AGD Diamonds unearths first diamond of special size in 2024

07 february 2024

Russia's AGD Diamonds announced the discovery of a gem-quality diamond weighing 54.27 carats at its mine in the Arkhangelsk region.

This is the first diamond of special size (weighing more than 50 carats) mined at the Vladimir Grib diamond deposit this year.

Earlier, AGD Diamonds reported that its 2024 production guidance remains unchanged from 2023 levels at 4.5 million carats of diamonds. According to the regional government, this year the company plans to continue exploration work for new diamond deposits in the Arkhangelsk region, as well as improve its sales strategy.

AGD Diamonds 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. Reserve estimate was approved in 2010 in the amount of 76 million tons of ore.

The life cycle of the open mine is estimated at more than ten years.

Theodor Lisovoy, Editor in Chief of the European bureau, Rough&Polished