“Only do business with clients who have impeccable integrity,” suggests Davy Blommaert, banker

Davy Blommaert heads the Diamond Business at National Bank of Fujairah, which falls under the bank’s corporate and institutional banking division. With nearly 10 years of experience in the diamond industry, he was tasked to establish a unit within NBF...

Yesterday

Russia’s export legislation is like a log on the road making it difficult to drive through

Eduard Utkin, General Manager of the Russian Jewellers Guild Association, which is a member of the Russian Federation Chamber of Commerce and Industry, answers the questions from Rough & Polished regarding the activities of the country’s professional...

11 march 2019

Botswana mum on new demands as negotiations with De Beers draw closer

Botswana said it will begin new diamond marketing and sales negotiations with De Beers in June or July this year. Mineral resources minister Eric Molale told Rough & Polished’s Mathew Nyaungwa on the sidelines of a mining conference in Cape Town, South...

04 march 2019

DLX-jewellery will focus more on colour stone designed pieces as well as diamond jewellery sets going forward - Jack Chen, General Manager, DLX-Jewellery

Graduating in International Business from an Institute in Sydney, Australia, in 2015, Jack Chen returned to China to start managing his family-owned jewellery business. Besides holding a certificate in a practical diamond course at Gemological Institute...

25 february 2019

Ali Pastorini: “We have to change a little the way to sell the idea that buying jewelry is just for glamour”

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 1000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

18 february 2019

AGD Diamonds mined 4.5 million tons of diamond ore in 2018

04 january 2019

agd_diamonds_logo_news.pngLast year, the company extracted 22,150,000 cubic meters of rock mass from the Grib diamond mine recovering 4.5 million tons of ore. Among the diamonds mined during this period there were five exclusive gem-quality stones with a total weight of 201.47 carats, the largest of which, named after pioneer geologist Nikolay Koltsov, weighed 57.03 carats.
During the last auction in 2018 held by AGD Diamonds in early December, the company earned more than $ 25 million from sales on the e-trading platform of its subsidiary, Grib Diamonds in Antwerp. The diamond miner raked in 18.932 billion rubles from sales over 11 months of 2018, which is 35% up compared with 2017, when it gained 14.018 billion rubles.
In 2018, the company increased its tax payments remitting 3.076 billion rubles to the budget of the Arkhangelsk Province (against 2.254 billion rubles in 2017) and 87.64 million rubles to the budget of the Russian Federation (against 28.18 million in 2017).

Victoria Quiri, Correspondent of the European Bureau, Rough&Polished, Strasbourg