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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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ICEX to Launch Diamond Futures in March | The Jewelry Magazine

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The Indian Commodity Exchange (ICEX) is planning to launch three futures contracts for diamonds in March to provide exporters with a hedging tool, the exchange said recently, according to a report published in profit.ndtv.com. India is a global diamond polishing hub where 14 out of every 15 rough diamonds in the world are polished. The exchange has received "in-principle" approval from the market regulator Securities and Exchange Board of India (SEBI) to start futures trading and the course will initially launch three contracts for stones sized 30 cents, equivalent to 0.3 carats, 50 cents, equivalent to 0.5 carats, and 1 carat, it said. "The futures contract will enhance the global competitiveness of Indian exporters who will be able to create an inventory and hedge against price volatility which will improve price competitiveness," said Sanjit Prasad, managing director of ICEX . The contracts are designed to consider the requirements of market particip...
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Ania Haie Creates a Buzz on the Jewellery & Watch Boulevard

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New fast-fashion jewellery brand Ania Haie has had a warm welcome to the UK market at this year’s Jewellery & Watch show. Located in a predominant spot on the boulevard, the team has been none stop as retailers from around the country have been looking to snap up the new fashion jewellery brand. By the end of a successful day one, Ania Haie had already opened new accounts in the UK, with more signing up on the second day of the show, and others expected to confirm today. Retailers are praising the brand for its fast-fashion approach, whereby new collections will drop every single months – allowing stores to keep windows fresh and customers engaged. Ania Haie also has a strong marketing strategy, and will be supporting stores with striking PoS, regularly updated images, and an abundance of materials for social media. Founders, Andy and Dave Maine, who are also the duo behind fashion jewellery brand Chrysalis, are extremely pleased with Ania Haie’s progress and the suppo...
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