“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

Statement of AGD Diamonds’ Press Service

08 april 2019
In connection with the article titled “From Russia with Grib” published by the Rough & Polished news agency on its website, the Press Service of AGD Diamonds considers it necessary to state that this article does not reflect the real situation in the company. AGD Diamonds’ system of business management is under close control of the Board of Directors representing the interests of the Company's shareholders.
Currently, AGD Diamonds, JSC has consolidated a 100-percent interest in Grib diamonds NV, which sells rough diamonds mined at the Grib Diamond Field in Antwerp, Belgium. This decision provided full operational control for the Company’s shareholders over rough sales.
AGD Diamonds believes that the Company’s diamond sales mechanism based on the electronic auction platform makes it possible to obtain the maximum value of precious stones and has proved its effectiveness in practice.
AGD Diamonds states that the current level of remuneration in the company substantially exceeds the market average and is a worthy reward for responsible and professional work of its employees. The company does not comment on the personnel decisions made by its shareholders - all the changes within the team of AGD Diamonds fully comply with the adopted corporate standards, labor legislation of Russia and that of the countries where the Company is engaged in commercial activities.