The EU has confirmed it is going to strike Russia's diamond industry in upcoming sanctions, spelling trouble for mining giant Alrosa and dozens of other companies.
Prices for rough at Grib Diamonds’ most recent sale in Antwerp saw a steep hike as robust demand led to strong bidding.The Belgian company, which sells production from AGD Diamonds’ Grib mine in Russia, garnered $73 million at its January 24 auction. Grib sold 560,000 carats at an average price.
AGD Diamonds has recovered a 118.05-carat, gem-quality diamond from its Grib mine in Arkhangelsk, Russia.The stone, which the miner unearthed last week, is AGD’s fifth over 50 carats this year, it said Friday. The discovery follows the sale of a 7-carat purple diamond with a pink tinge, for.
RAPAPORT. Grib Diamonds has signed up for Sarine Technologies’ provenance program, enabling the Antwerp-based trader to provide source verification for the rough it offers.Grib, which sells rough from AGD Diamonds’ Grib mine in Russia, will use the traceability information to complement.