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...

Yesterday

“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

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

The cost of exploration in Russia is the most expensive in the world - AGD Diamonds

14 may 2019

Talking about the cost of diamond exploration in Russia and in the world, Viktor Ustinov, Advisor to General Director, AGD Diamonds, said that, according to the estimates from open source data, in 2001-2016 the cost of exploration of one carat in Russia was the highest in the world and amounted to $80-85 per carat, while the average realised price was about $110 per carat. 

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Image credit: AGD Diamonds


“Let me give you some figures that eloquently demonstrate the proportions of the exploration costs of 1 carat since 2001: in Russia - 75%, in Botswana - 10%, in Canada - 9.5%, in Angola - about 1%,” said Viktor Ustinov.
The similar figures of the main diamond-mining countries for the period under review are much lower than those in Russia. In Botswana, for example, exploration costs are $17–18 per carat, with an average released price of $184 per carat; in Canada, the cost of prospecting is $10–12/ct, while the selling price per carat is $112; in Angola - $15 per carat (excluding the Luaxe deposit) at an average released price of $ 121/ct.
AGD Diamonds develops the Grib diamond deposit in the Arkhangelsk Province, Russia.


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