Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Grib Diamonds' sales rose sharply in Q3

05 december 2016
Lukoil’s diamond revenue from the Grib mine in Russia developed by its subsidiary Grib Diamonds rose 33 percent to $61.9 million (RUB 4 billion) in the third quarter, the country’s largest oil producer reported.  
The deposit is Lukoil’s only diamond asset. Earlier Lukoil concluded an agreement to sell its 100% stake in the Grib diamond mine to Otkritie Holding Group for $1.45 billion in cash.
Production of rough diamonds started in September 2014 with sales amounting to $162 million in 2015, its first full year of operations. Lukoil Group's revenue slid 11 percent to $20.3 billion (RUB 1.31 trillion) in the third quarter because of lower oil prices.
Diamond sales more than doubled to $232.3 million (RUB 15 billion) from $108.4 million (RUB 7 billion) in the first nine months of the year.