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Nurit Rothmann: Gradually Breaking Down Industry Barriers

Diamantaire Nurit Rothmann has been working in the diamond industry for the past two decades. Starting out in polished goods, but in the past 15 years working in rough goods, she is optimistic about the future, saying the global diamond industry has...

23 may 2016

The 37th World Diamond Congress in Dubai - "Finally, a chance for the entire diamond trade to speak with one voice"

The World Diamond Congress is the most important forum of the global diamond industry, which, in the words of Ernie Blom, President of the World Federation of Diamond Bourses (WFDB), gives its participants an opportunity to express their views on the...

16 may 2016

Moscow, Kremlin, Ilgiz F. and his jewels

The Kremlin Assumption Belfry housed an exhibition of Russian jeweler Ilgiz Fazulzyanov, "Jewels Inspired by Nature." Visitors still cherish the memory of other jewelry exhibitions held in the Kremlin earlier, like "Diamond in Russian Avant-Garde", Faberge...

10 may 2016

All industry members should operate their businesses prudently

Venus Jewel calls themselves ‘Leaders in Solitaires’ and rightly so, given that they are one of the leading Indian companies dealing in solitaires. Rajesh Shah, Partner at Venus Jewel, takes great pride in the fact that the company has 20 years of leadership...

04 may 2016

Diamonds performing ‘a little bit better’ than most commodities – Deloitte analyst

Liquidity crunch and a sluggish Chinese economic growth, inter-alia, dampened the appetite for rough diamonds last year. Mining analyst and partner at Deloitte Tony Zoghby told Rough & Polished’s Mathew Nyaungwa that despite the depression, diamonds...

25 april 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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