“Up till now there has been a strict policy in Israel against LGDs; have been forbidden on IDE trading floor for years.”: Aviel Elia, Managing Director- IDI

Aviel Elia, an attorney by profession, has served as Legal Adviser and Company Secretary of IDI since 2013. As a key member of the Israel Diamond Institute (IDI) management team, he has been involved in developing company strategy and negotiating...

Today

Unifying role is the main objective of the National Gemological Association

Yuri Shelementiev runs the Gemological Centre (GC) at the Moscow State University and is a president of the National Gemological Association (NGA) uniting the gemologists of Russia. The head of the MSU’ GC and the NGA answered the R&P’s...

15 july 2019

“Our goal is to bring clarity to the offering of Lab Grown Diamonds”, asserts Chris Casey, President, Lab Grown Diamond Council

Chris Casey is a 15-year veteran of the diamond and jewelry industry.  Chris also has extensive experience in market research as Founding Managing Director of the NPD Diamond and Diamond Jewelry Service where his responsibility included the...

08 july 2019

Dr. Michael S. Krzemnicki: Our dedication to scientific research is an important foundation to our expertise

Dr. Michael S. Krzemnicki, PhD, Director of the Swiss Gemmological Institute SSEF, in an interview with R&P told about the activities and plans of one of the world's leading Gemological laboratories specializing in scientific research of diamonds...

01 july 2019

“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

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. 

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            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