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We expect more consolidation happening and certain companies go out of business - it's a healthy development, where only strong and modern companies can survive - Erik A. Jens, AMRO BANK N.V.

Erik Jens comes with professional experience in banking, financing and investments. He has specialised in private wealth management solutions, investments in hedge funds, private equity and real estate industry. Erik Jens has also held various senior...

25 july 2016

On Optimism, Idiocy and Generic Diamond Promotion

Alex Popov is the Chairman of the World Diamond Mark Foundation (WDMF), which was established over two years ago in Hong Kong. WDMF has rolled out several generic marketing programs for jewelry retailers worldwide and three exclusive marketing programs...

18 july 2016

Eden Rachminov speaks about how to price and how to buy fancy color diamonds

Eden Rachminov, who is the founder and managing partner of Rachminov Diamonds, is considered as one of the world’s leading experts in fancy color diamonds, as well as the most ardent supporter of these gems. Rachminov published ‘The Fancy Color Diamond...

11 july 2016

Tanzanian women break new ground with gemstones value-addition

Having found small-scale mining demanding due to its highly physical nature and use of rudimentary tools, a group of women in Tanzania decided to join hands and start an association that add value to the country’s abundant gemstones. It’s just over a...

04 july 2016

You can’t fake that ‘magic’ of the real thing…

Armed with a degree in ‘Jewellery Designing’ from Central Saint Martins and a Diploma in Diamond Grading from the Gemological Institute of America, young Rachel Boston is a London-based jeweller and designer with a mind of her own and adequate talent...

27 june 2016

Arkhangelskgeoldobycha will start development of Grib diamond pipe in 2013

14 april 2011

Subsidiary of oil company LUKOIL OJSC Arkhangelskgeoldobycha (AGD) plans to recover 58 million carats of diamonds during the first 16 years of development of Grib pipe diamond deposit, Finmarket agency reported citing a statement released by press office of the Government of the Arkhangelsk Region. Within the above period Arkhangelskgeoldobycha will conduct open-pit mining activities which are expected to start at the end of 2013. Total diamond reserves of Grib diamond pipe are estimated at 98.5 million carats.
Grib diamond pipe is located at the south edge of Verkhotina field, which saw geologic exploration works conducted till the end of 2009, in compliance with the license. Exploration was effected in partnership with French Foraco which signed a contract for drilling of large-size wells for adjustment of quality and quantity of diamond reserves.
It was previously expected that AGD will recover first commercial gems at Grib pipe in 2015.
Mining and processing complex to be constructed at diamond pipe will have capacity to process 4.5 million tonnes of ore per year. The life span of the pipe amounts to 25 – 35 years and depends on the method of development.
Vice President of LUKOIL Leonid Fedun announced that previously mineable diamond reserves of the deposit were estimated at $6.5 billion while later the valuation was adjusted to $11 billion.

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