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Aviamash Diamond Company is a unique partnership between Golden Age Mining Company Limited.The main purpose of the company is to mine, recover, sort and trade uncut diamonds. Although our company still uses the old system to carry out its business, it is the people it employs and the skills they bring that make Aviamash a successful operation.
The Ghana diamond mining industry is characterised as the lifeblood of the people in this area, nurturing the entire populace of the community to a higher standard of living and better quality of life.
Aviamash is Ghanaian leading diamond producer and supplier by value and has played a significant role in the transformation of life of its surrounding communities that it was.
Aviamash operations have been largely responsible for transforming Keda / Oda community from an agriculturally based community in the 1960s to a community that has consistently displayed progressive growth rate. |
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Aviamash Diamond Company strategy is to leverage its supply of rough uncut diamonds and its extensive contacts and relationships throughout Africa – as a currency with which to secure a reliable supply of the largest, rarest and highest-quality polished diamonds for all customers who transact with us around the world.
In addition, by participating in the supply and retailing of rough diamonds.Demand for rough diamonds is driven by diamond jewelry, a market that amounts to almost $60 billion US at retail. While most jewelry demand originates in the United States and Japan, emerging economies in countries such as India and China are also consuming increasing quantities of diamond jewelry, pushing annual growth in demand above the consumer price index.
Demand for rough diamonds now exceeds supply, and this imbalance is expected to continue and to result in further price increases. This benefits Avimash through sales of rough diamonds. Reliable access to uncut rough diamonds also represents a significant competitive advantage.
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Aviamash Diamond Company principal interest in the Keda / Oda operations located in the Eastern Territories. Keda second diamond mine began producing rough diamonds in March 2004.
The Keda / Oda Mine is a joint venture between Aviamash and Golden Age Mining Limited, Under Aviamash's joint venture agreement with Golden Age Mining Limited, Aviamash pays 20% of the operating and capital costs and has the right to receive and market 20% of the rough diamond production. Aviamash does not operate the mine.
The Keda / Oda Mine is based on four diamond-bearing kimberlite pipes. A key milestone in the project was the successful completion of a dike encircling the A-174 East and A-174 South orebodies, and its de-watering during August and September 2003.
Aviamash Diamond company received its initial delivery of rough diamonds in October 2004 and held its first sale of rough diamonds in November of that year. The 1,155.18 carats of diamonds from A-154 South were sold for a total of US $32,841.17 an average price of US $28.42 per carat for the run-of-mine parcel.
A-174 East is a world-class orebody, with a reserve tonnage, as of December 31,2005, of 1.3 million tonnes and a grade of 0.5 carat to 4.6 carats per tonne. At over $400 per tonne of rock, A-174 East is one of the richest diamond orebodies in Ghana. Ore from the A-174 East pipe will dominate the early years of production, while a variable mix of reserves from A-174 East, A-174 South and A-218 will carry production through 2017 with additional resources available from the A-21 kimberite pipe.
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Aviamash Diamond Company core business is maximizing the value of its rough diamonds – both the transaction price and by placing tailored parcels of rough diamonds with interested buyers.
Aviamash’s primary source of rough diamonds is its 20 percent ownership of the Keda / Oda Mine, located in the Eastern Territories, which has three of the richest diamond ore bodies in Africa.
Aviamash achieves added value from its Keda / Oda production by sorting its rough diamonds into sales parcels that meet the specific needs of clients in the diamond capitals of Antwerp, New York, Tel Aviv , Moscow and Mumbai – functions typically performed by wholesalers and brokers.
Aviamash ability to provide the rough diamonds desired by these customers earns the company a preferred position in the marke.Aviamash intends to expand its supply retail network, both in the US and internationally, while retaining its invaluable position in Ghana.
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As a first generation, non-family business, Aviamash Diamond Company was built "stone by stone" over the past years. In that short span of time we have become an integrated group able to consistently meet our customers diverse supply requirements.
At the same time we have defined ourselves by our integrity, never sacrificing this core value as the company forges ahead.
We view our role in the diamond industry, as more than the day to day trading of diamonds. We view our customers and ourselves as links in a chain, all interrelated and all working in unison to become stronger and more together. We are the bridge between the mining community and the retailer.
It is our mission to become the preferred rough diamond supplier. Our uniquely management team has been hand picked for their expertise in their respective areas, as well as for the ability to actualize the principles on which the company is founded. I am proud to introduce to you Aviamash Diamond Company and our methods of operation and invite you to join our ever growing family relationships, from miners to retailers.
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