“We are building a new state-of-the-art tender facility,” says Ahmed Bin Sulayem, Executive Chairman, DMCC

Ahmed Bin Sulayem certainly needs no introduction being widely popular globally as one of the leaders of modern Dubai. As the Executive Chairman of DMCC, Ahmed Bin Sulayem has played and continues to play a key role in establishing and positioning DMCC...

20 may 2019

De Beers scaling up Tracr ahead of formal launch

De Beers tracked 100 high-value diamonds along the value chain during the pilot of Tracr™, its industry blockchain platform, for the first time in May last year. A De Beers spokesperson Bianca Ruakere told Rough & Polished in an exclusive interview that...

13 may 2019

The perfect couple - platinum and diamonds

The Jewelry House of Leon Megé located in New York has long been firmly established in the jewelry market as a source of magnificent jewelry, in which platinum and diamonds often sparkle being married together and attracting everyone’s eyes, but are...

06 may 2019

The technology of growing single-crystal diamonds has now become industrial in nature

It is believed that the reserves of natural diamonds will be exhausted by the middle of the century, and therefore production of synthetic diamonds is rapidly gaining relevance. According to Business Insider India’s estimates, the global synthetic diamond...

29 april 2019

De Beers only selling Elizabeth Bay Mine in Namibia, move to sustain operations beyond 2019

Namdeb Holdings, a 50/50 joint venture between the Namibian government and De Beers is not selling Daberas, Sendelingsdrift and Southern Coastal mines in the southern African country. It had been alleged that Namdeb was planning to close and offload...

22 april 2019

AGD Diamonds celebrates 88 years since its foundation

22 april 2019

On April 22, 1931, in Arkhangelsk the Northern Geological Prospecting Trust (SGT) was organized, the successor of which is AGD Diamonds, according to the company. 

            Image credit: AGD Diamonds

Since the establishment of the company, it has identified and developed more than 400 mineral deposits, including oil and gas from Timan-Pechora, diamonds from Belomorie, it has unearthed bauxite, slate coal, drinking and balneological waters, bricks, sand and gravel materials for the construction of roads and oil fields and recovered 1230 million tons of oil.
At present, AGD Diamonds is focused on its mining activities. In 2012, the company included the project to develop the Grib diamond deposit in the North-West Federal District in the List of Priority Investment Projects, approved by the President of Russia. In June 2014, AGD opened the mining and processing plant named after Grib with a capacity of 4.5 million tons of ore per year, inaugurated by President of the Russian Federation, Vladimir Putin.
In 2018, AGD Diamonds entered the international diamond market and changed its name while preserving its heritage.
AGD Diamonds acquired a 100% stake in Grib Diamonds NV, based in Antwerp, which sells diamonds from the Grib diamond deposit to international buyers. 
The company reported that rough diamond trade in 2018-2019 remained steadily growing.
In 2018, the company produced 5 million carats, 22,150 thousand cubic meters of rock, and 3,433 thousand tons of ore.
In January, 2019, AGD Diamonds said that it was granted licenses for diamond exploration, including exploration and evaluation of diamond deposits, in the Mezensky District of the Arkhangelsk Province. These include Razlomnoe, Torfyanoe and Yuzhno-Verkhotinskoe targets. The company also received the exploration license for the Krugly area on December 5, 2018. 

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