Various methods of development of the V. Grib diamondiferous pipe located in the territory of the Arkhangelsk region are considered; the most rational technology of development of this deposit is proposed. These methods of development include: the use of excavators, dredgers and cutter combines, the technology of drilling large-diameter wells. All the above mentioned methods have already been applied at diamondiferous pipes of the Russian Federation and proved the expediency of their use: dredging equipment and technology for drilling large-diameter wells at the Arkhangelskaya and Karpinsky pipes in the Arkhangelsk Region, and milling machines at the Yubileynaya pipe in the Sakha Republic.