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...


“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

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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

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. 

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