Russian diamond miner AGD Diamonds held its final rough diamond auction of the year on the e-trading platform of Grib Diamonds, its selling arm in Antwerp, earning over $25 million. The auction was attended by the company’s regular customers from India, Israel and Belgium, reports Rough & Polished. At the same time, AGD Diamonds was also able to attract new buyers from China due to perfect preparation of goods to be auctioned and smart organization of viewings.
The lots offered to buyers included top-grade colored diamonds up to 10 carats in size. The pricing trends pursued by AGD Diamonds are positively viewed by experts noting stable demand for diamonds coming from Arkhangelsk. The company’s fancy yellow stones continue to be in high demand this December.