If real gems are replaced by artificial stones, it is not the difference in value that sellers may cheat you out, but the very idea that you are to obtain along with a jewelry piece made from a genuine stone

Elena Titova is the Director of the All-Russian Decorative Art Museum. The museum, which she heads, was founded fairly recently (less than 40 years ago), but it is one of the most popular and stylish museums of Moscow, famous, among other things...

12 november 2018

“We'll only work with mines and suppliers that can prove full and unquestionable traceability”, assures David Zabinsky, CEO, TRIGEM

Armed with a Bachelor of Science in Government & Legal Studies, and Spanish from Bowdoin College (Maine, USA), a multi-faceted professional, David Zabinsky has both international public and private sector experience, most recently managing an...

06 november 2018

The diamond market sentiment is cautious at the moment, especially in Europe

Born in Switzerland, Angelika Mavridou relocated to Thessaloniki (Greece) with her family, only to establish her own business JEWELLS GALLERY LTD, which was later transformed to S.A. Prior to venturing into her own business, she studied Gemology...

29 october 2018

Zimnisky talks about pink diamonds, De Beers’ Lightbox

An independent diamond industry analyst and consultant said although exceptional and ‘one-off’ diamonds are hard to assign a value to them, the Pink Legacy will likely fetch $2.64 million per carat when it goes under the hammer next month in Geneva...

22 october 2018

An alliance between a diamond producer and a diamond manufacturer in Russia is simply inevitable and necessary

What is a diamond manufacturer’s margin composed of? What is the profession of diamond processing engineer about? How much time does it take to become a diamond cutter? How does a polishing factory work? The Russian Cut, is it alive? Lightbox from De...

15 october 2018

Arkhangelskgeoldobycha will start development of Grib diamond pipe in 2013

14 april 2011

Subsidiary of oil company LUKOIL OJSC Arkhangelskgeoldobycha (AGD) plans to recover 58 million carats of diamonds during the first 16 years of development of Grib pipe diamond deposit, Finmarket agency reported citing a statement released by press office of the Government of the Arkhangelsk Region. Within the above period Arkhangelskgeoldobycha will conduct open-pit mining activities which are expected to start at the end of 2013. Total diamond reserves of Grib diamond pipe are estimated at 98.5 million carats.
Grib diamond pipe is located at the south edge of Verkhotina field, which saw geologic exploration works conducted till the end of 2009, in compliance with the license. Exploration was effected in partnership with French Foraco which signed a contract for drilling of large-size wells for adjustment of quality and quantity of diamond reserves.
It was previously expected that AGD will recover first commercial gems at Grib pipe in 2015.
Mining and processing complex to be constructed at diamond pipe will have capacity to process 4.5 million tonnes of ore per year. The life span of the pipe amounts to 25 – 35 years and depends on the method of development.
Vice President of LUKOIL Leonid Fedun announced that previously mineable diamond reserves of the deposit were estimated at $6.5 billion while later the valuation was adjusted to $11 billion.