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29.06.2015
Over the long term, we can expect to see a supply shortfall and rising prices - Ali Pastorini
ali_pastorini_x.jpgAli Pastorini, Director of Marketing of the World Jewelry Hub (WJH), in an interview to Rough & Polished talked about the goals set before the WJH, described the main trends and challenges currently facing the world jewelry and diamond markets and delineated the role of China and India.

22.06.2015
Legal framework should predominantly be aimed at creating equal conditions for doing business
flun_gumerov_x.jpgFlun Gumerov is the President of Almaz-Holding, a jewelry company based and operating in Russia (it has been working in the Russian market since 1993 and is one of the leading firms in the country). He is also a member of the Kostroma Regional Duma (Parliament) and a member of Business Russia, which is an all-Russia social action organization. Being one of the participants of the Expert Council within the State Duma Committee on Natural Resources, Environmental Management and Ecology he combines this work with his activity as a member of the General Council of the Russian Jewelers Guild. Flun Gumerov was awarded the Honor Badge “150th Anniversary of Mikhail Perkhin” by the Commemorative Foundation of Karl Faberge for his outstanding contribution to the development of Russian jewelry art.

15.06.2015
Fabio D'Amico: We do not allow neither overgrading nor undergrading
fabio_d_amico_x.jpgFabio D'Amico, CEO of Milan-based Gemological Education Certification Institute (GECI) told about the work performed by his Institute and in particular about the services it offers in his interview to Rough&Polished.





Arkhangelskgeoldobycha will start development of Grib diamond pipe in 2013

14.04.2011

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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