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20.10.2014
AWDC regrets seizure of Zim diamonds, but says not involved in the matter
margaux_donckier_preview.jpgAbout 500 000 carats of Zimbabwean diamonds worth about $45 million that were on sale last month at the Antwerp World Diamond Centre (AWDC) were first attached by Amari Platinum before the Belgian court reversed the seizure, pending a court ruling, which is expected anytime soon. A group of white former commercial farmers also attached the same diamonds on the basis of an International Centre for Settlement of Investment Disputes arbitration award against the Zimbabwean government to compensate the ex-farmers. As the legal battle rages on, the voice of AWDC had been silent and Rough&Polished’s Mathew Nyaungwa sought a comment from the centre’s spokesperson Margaux Donckier, who said they regret the seizure. However, AWDC was quick to point out that they were not involved in the matter. Donckier also commented on the recent closure of the Antwerp Diamond Bank.

13.10.2014
Interaction with clients is a key to understanding what they want and what they need
varuna_jani_preview.jpgVaruna D Jani, an award-winning jeweler ahead of her time, understands that it’s not only about investing but there is also a need of styling and personalization of jewellery. She is known more as an ‘adornologist’ than a ‘jewellery designer’. Belonging to a jeweller family, Varuna imparts knowledge and gives her recommendations on jewelry that suit individual personality. In an interview with Rough&Polished, Varuna revealed her passion for jewellery designing even as a child and her initiation into the business eventually.

06.10.2014
Maxim Shkadov: "We need to create our own sales channel providing maximum penetration to the market"
maxim_shkadov_preview_08113013.jpgTaking into account the ongoing discussion about the future of the Russian diamond industry, Rough&Polished asked Maxim Shkadov, CEO of Kristall (Smolensk), the largest diamond manufacturer in Russia and Europe to answer our questions. In his interview, he expressed his views on the problems currently facing the industry.





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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