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Chris Del Gatto, CEO & Co-Founder of DELGATTO Diamond Finance Fund L.P., a New York-based non-bank lender to the diamond and jewelry industry, started his career as a diamond cutter when he was just 17. In his early 20’s, Chris went on to co-found a...

26 october 2020

Lunhianga Project: "The forecasts for this year point to the production of about 100 thousand carats of diamonds"

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19 october 2020

Crisis is the way to development

Maria Krasnova belongs to the second generation of the St. Petersburg jewellers. She is a daughter of Pavel Sokolov, the founder of ‘Samotsvety ot Sokolova’ (Gems by Sokolov), a jeweller and expert gemologist famous for his collection of unique...

12 october 2020

Gaetano Cavalieri: Diamond producers no longer insisting that clients purchase what they are offered

Dr. Gaetano Cavalieri has served for the past 19 years as president of CIBJO, the World Jewellery Confederation. Uniting national jewellery and gemstone associations from more than 40 countries, including Russia, and many of the industry’s major corporations...

05 october 2020

Worth of gold and diamonds

Initiatives in Arts and Culture and De Beers recently co-hosted a webinar on the worth of gold and diamonds. The webinar, which was moderated by Mickey Alam Khan, the founder and editor of Luxury Daily, featured Jeffrey Christian, founder and managing...

28 september 2020

Grib Diamonds raked in over $ 20 million at auction in Antwerp

17 june 2020
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Image credit: AGD DIAMONDS

On June 16th Grib Diamonds sold over $20M of rough diamonds from its fully owned Grib Diamond Mine in Russia.
Despite the troubled times the rough diamond market is going through, Grib was able to sell more than 90% of the goods on offer and approximately 350k carats.
Using its online appointments system and having introduced new measures to ensure the safety of all attendees and staff, over 150 companies were able to attend the viewing in Antwerp.
In a display of trust in its well-known sales assortments, some Grib customers that were unable to attend due to travel restrictions were even prepared to bid blind. Grib would like to extend its appreciation for the continued support and loyalty of its customers whose participation in the sale was the key factor for the success of this auction.
Grib CEO Igor Prokhorenko said, “We are delighted to be able to place these goods in Antwerp, the most important diamond trading centre in the world. Our world-class auction system continues to outperform, and the results show that we can sell successfully under any market conditions. We have ample viewing facilities and processes in place that would enable us to sell productions from anywhere in the world.”

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