News

Advanced Search

AGD Unearths 50ct. Diamond at Grib

Apr 21, 2020 7:02 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT... AGD Diamonds has recovered a 50.36-carat, gem-quality diamond from its Grib mine in Arkhangelsk, Russia.

The stone, which the miner unearthed last week, is its second-largest find this year. In January, it uncovered a diamond weighing 86.46 carats at the same deposit. This followed a yield of 11 large stones in 2019, each weighing in excess of 50 carats.

AGD is owned by Russian investment firm Otkritie Holding, which purchased the business from Lukoil for $1.45 billion in 2017. As part of the deal, 5% of production remains in Russia for sale by the government, with the remainder exported to the group’s Grib Diamonds subsidiary in Antwerp.

Image: The 50.36-carat rough diamond from the Grib mine. (AGD Diamonds)
Tags: AGD Diamonds, AGS, grib, Grib mine, large diamonds, Rapaport News, rough, Rough Diamonds
Similar Articles
EkatiTwo Parties Interested in Buying Dominion
Jul 07, 2020
Two companies have expressed interest in acquiring Dominion Diamond Mines, according to an affidavit by its former CEO
Alrosa Inter International mineVirus Cases Force Shutdown at Alrosa Mine
Jun 25, 2020
Alrosa has suspended operations at its International underground mine for up to two weeks after “several” employees
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2020 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.