De Beers’ GemFair delivering ‘positive impacts’ to ASM sector in Sierra Leone – David Johnson

GemFair, a pilot project developed by De Beers to create a secure and transparent route to market ethically sourced artisanal and small-scale mined (ASM) diamonds, is already delivering “important positive impacts” in Sierra Leone. Group head...

11 november 2019

Belgian-quality diamond boiling in Dubai from TRIGEM

Born in New York, David Zabinsky is CEO & Co-Founder of TRIGEM, an independent diamond service provider in Dubai. Before TRIGEM, David was Manager at Ras Al Khaimah Economic Zone, where he was responsible for securing North and South American investment...

05 november 2019

Pavel Shelkov: "Our project is an attempt to fit Russia into the global trend and create a new private company in the diamond industry"

At the end of September, Moscow hosted the Second Annual Conference, "Gold and Diamond Mining Companies of Russia and Europe." The audience showed great interest to the presentation made by diamond geologist Pavel Shelkov of Almazy Zapolyarya...

28 october 2019

The team that turns sleeping stones into beautiful polished diamonds

Maxim Zemlyakov is the Director General of ADMS OOO, a company cutting and polishing natural and synthetic diamonds in Oryol. He has been the Director General of Oryol-ALROSA since 2007. Before heading it, he worked as a grinder, cutter, instructor...

21 october 2019

Demand will pick up once the season starts

N Anantha Padmanaban took charge as the Chairman of the All India Gem & Jewellery Domestic Council (GJC) in January 2019. He has immense hopes and confidence in the Indian jewellery sector. His motto is to ‘ensure that after the day’s business...

14 october 2019

Antwerp auction confirms high demand for AGD diamonds

17 june 2019

On June 14, AGD Diamonds held an open diamond auction on the electronic trading platform of its subsidiary trading company Grib Diamonds based in Antwerp. Proceeds from the auction amounted to more than $27 million. 

            Image credit: AGD Diamonds 

It should be noted that the correction of the market for 5 months in 2019 saw rough prices go down, but the White Sea diamonds registered stable demand from traditional buyers from India, Belgium and Israel.
According to experts, despite the restructuring of the banking system in India, restrictions on lending to the cutting industry and the overall decline in sales from the dominant producers (primarily from the De Beers group), the demand for diamonds from the Grib Diamond Mine remains stable due to well-structured spot sales strategies and first-class rough product preparation while sorting in compliance with a unique corporate classifier that meets the most advanced standards of marketing technologies.