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By John Helmer, Moscow The German invasion of the Netherlands in 1940 wiped out Amsterdam as the centre of the global diamond trade at the time. When the war ended, Antwerp, across the border in Belgium, was preferred by the diamantaires, and so it has remained. Until last week, perhaps. That’s when the Belgian courts [...]

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By John Helmer, Moscow A federal US judge has dismissed a 17-year long attempt by Archangel Diamond Corporation (ADC) to recover damages for the alleged theft of its stake in a multibillion-dollar Russian diamond mine by two Russian oligarchs, Alisher Usmanov and Vagit Alekperov (lead image, left), and Alekperov’s company, LUKoil. The legal action protects [...]

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By John Helmer, Moscow When a man falls on his sword, his demise isn’t usually blamed on medical reasons. A statement from the state diamond miner Alrosa on Monday reported that chief executive Fyodor Andreyev (image, lower right) “decided to resign from the post of ALROSA president for medical reasons. He announced about this decision [...]

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By John Helmer, Moscow Diamonds are a bit like champagne: even in the worst of times, demand can grow among consumers, and for producers, sales revenues and profits too. Good news isn’t usually the honey which attracts this particular bear; and Alrosa has been producing plenty of it. Released early this month, the company’s financial [...]

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By John Helmer, Moscow For the first time Alrosa, the state-owned diamond miner, has come out in public and said it wants to buy Grib, the only commercially developed Russian diamond mine owned by LUKoil and its chief executive, Vagit Alekperov. Why it should say so now, when earlier announcements by Alrosa have veiled the [...]

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By John Helmer, Moscow If the US Government and Congress believe they have the right to impose sanctions on Russian individuals and companies for conduct that is legal in Russian and international law, what would happen if the boot were on the other foot – if the Russian Government imposed sanctions on US individuals and [...]

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By John Helmer, Moscow Diamond prices have been growing in the global market since January, but depending on your choice of accounting period, the growth rate is either not much; or not at all; or negative since July. Alrosa, the state-owned diamond miner directed by Fyodor Andreyev (image left), reported its latest financial results this [...]

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By John Helmer, Moscow Sergei Lavrov, the foreign minister of Russia for the past nine years, is almost as well-known for rushing to the rescue of Russian companies in trouble in Africa, as the payback for the favour is unknown. Still, the Lavrov Doctrine is the first major change to have been introduced in the [...]

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By John Helmer, Moscow Arkhangelskgeoldobycha (AGD), the LUKoil diamond-mining subsidiary, has made its first detailed presentation of the new mine it is building in Arkhangelsk, with confirmation of the new mine’s diamond grades, volume of production, and financial value. The Grib mine, named after the Russian geologist who first found the deposit, is the first [...]

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By John Helmer, Moscow If necessity is generally judged to be the mother of invention, crude invention – the fake that is exposed swiftly – is generally the product of desperate mothers. The idea that the Oppenheimer family is keen to buy Alrosa shares, reported by one Moscow business newspaper yesterday and reinforced by another, [...]