“Lab-Grown Diamonds is probably the biggest scam this industry has ever seen,”: Leibish Polnauer, Founder-President, Leibish & Co.

An interesting story from the Leibish & Co takes you way back to the year 1979 when young Leibish Polnauer, then a diamond polisher, was travelling to London, having just found out that the factory at which he worked had been shut down. He found an advertisement...

24 june 2019

Botswana mining industry players speak on speculative exploration licences

Speculative mineral exploration licences was a recurring theme from presentations made by three players in Botswana mining industry at a conference convened in Gaborone. The country has issued thousands of exploration licences, across the mining industry...

17 june 2019

Design is the key to all markets

Besides being an astute businessman, Mumbai-born Laksh Pahuja is a designer par excellence known globally for his awe-inspiring unusual jewellery pieces. Trained at the Gemological Institute of India and Harrow College of Art England, Laksh combines...

10 june 2019

Mutual mass destruction will not serve anybody’s purposes

The recent moves by the U.S. Federal Trade Commission (FTC), including its letters urging some companies to abide to the revised edition of FTC Jewelry Guides and the explanations from FTC attorney Robert Frisby posted on the FTC website were...

03 june 2019

Pavel Sokolov: Every stone has its beauty

THE ‘GEMSTONES BY SOKOLOV’ brand has been popular for over 25 years. The aim of this company is to supply any kind of gem studs to the Russian market including the unique ones except diamonds of any cut. The product range by the SOKOLOV Company is very...

27 may 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