The incredible quality of Diamonds from Guinea

The production is chiefly based on alluvial deposit, and thus diamonds are often found in riverbeds. The largest and greatest stones are located in the area of Banankoro. Further North, the region of Kindia also conceals some wonders. In 1989, two incredible stones of 250 and 180 carats were found. In early 1993, a stone of 284 carats was discovered in the Aredor mine. With a length of 9 centimetres, and a diameter of 4 centimetres, the gem was sold in Antwerp to a Geneva-based, Lebanese trader for $8,000,000. Quite a sum!

In spite of mining companies and regular governmental checks, smuggling remains a major problem in Guinea. The problem is quite old since in the early 60s, more than 30,000 miners from Sierra Leone completely looted fields in Avili and Feredou… Nowadays, each month, the Aredor firm puts more than 250 people in custody and assesses its annual loss at over $80million. It is extremely hard to work in this country as risks are considerable. Political turmoil creates a perturbed social atmosphere and the situation in Sierra Leone, the border country, tends to influence Guinea.

However, we have an office in Conakry, which is specialized in the purchase of rough diamonds. The extremely high quality of the stones in this region encourages us to invest in this western African country.

The diamond gem

 Diamond in the Central African Republique