Russian diamond jewelry company Arkhangelskgeoldobycha (AGD) announced that it has agreed to a marketing contract with British firm WWW International Diamond Consultants Limited.
According to terms of the deal, WWW will advise the Russian company on maximizing its rough diamond jewelry output once it comes on stream at the end of 2013.
AGD, which is owned by Russian oil giant Lukoil, estimates that it will be mining at least 4 million carats of high quality diamonds annually once it reaches full production.
“Lukoil and AGD are delighted to have available the skills and vast experience of WWW to guide us in all aspects of marketing during the pre-production phase of the Grib pipe,” said Maxim Mescheriakov, the CEO of AGD. “WWW’s role will be crucial in ensuring that our diamonds are well received in the international markets.”