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AGD Diamonds Acquires Grib Diamonds to Establish Full Service Enterprise

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JSC Arkhangelskgeoldobycha recently announced that it has been officially renamed JSC AGD Diamonds. This move was a result of “its new marketing policy and the brand’s international positioning aimed at its customers, the buyers of rough diamonds,” the Company said. AGD Diamonds has gone on to acquire a 100% stake in Grib Diamonds N.V. in which it was earlier a joint stockholder. Grib Diamonds, a diamond trading company, currently holds auctions for the sale of rough diamonds mined at the Vladimir Grib Diamond Field. These auctions are held on a web-based platform in Antwerp. According to Sergey Neruchev, CEO of AGD, the acquisition of a 100% stake in Grib Diamonds N. V., operating in Antwerp and selling rough produced at the Grib Diamond Field on international markets, is a highly important milestone for the company, opening up a number of additional opportunities. “The consolidation of the AGD production business with the Grib Diamonds trading company will create a full...
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JCK Las Vegas to Debut Global Gemstone Neighborhood

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New Show Destination Will Feature 175 Gem Dealers, Both New to JCK Las Vegas and Returning JCK Las Vegas, the leading destination to discover what’s new and next in the fine jewelry industry, introduces the Global Gemstone Neighborhood for 2019, an all-new destination under one roof with the JCK show floor featuring more than 175 gem dealers from around the world. The expansive 8,300 square-foot neighborhood is inclusive of the member exhibitors of the International Colored Gemstone Association (ICA) and dedicated ballroom for Fine Gems, spanning five exhibition areas for gemstones. For the first time ever, JCK buyers and visitors will have access to gemstone exhibitors from Australia to New Zealand, Poland to the Czech Republic, Germany, Singapore and an impressive list of esteemed companies from India, Thailand, Hong Kong, and the United States—all in one place. The Global Gemstone Neighborhood will open on Thursday, May 30, 2019, and remain open throughout the JCK Las Vega...
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Luxury Goods-Makers Win Fight to Block Retailers from Selling on Amazon | The Jewelry Magazine

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Luxury brands can now ban retailers from selling their goods on online marketplaces such as Amazon and eBay , Europe’s top court has ruled. The European Court of Justice decided on Wednesday that a ban was “appropriate to preserve the luxury image” of products. The case was bought by cosmetics group Coty, which owns brands such as Marc Jacobs and Calvin Klein, but it is expected to set a precedent that could allow other luxury brands to stop their distributors selling their goods on Amazon, eBay, and other online marketplaces. The court ruled that Coty did not break competitions laws when it prevented Parfümerie Akzente, one of its authorized German distributors, from selling its products on Amazon.de. Welcoming the decision, Coty comments: “After years of uncertainty, this means luxury brands can determine how they are placed on digital platforms and it is a clear ruling for the protection of luxury brands’ image, the defense of our teams’ work and the protection of consum...
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