Vladimir Zboykov: New times have come for jewelers

How a personal collection of minerals was thrown on the scrap-heap, who is behind the destruction of gemstone consumption culture in Russia and why jewelers will soon have to choose between business and prison – all this was told to Rough & Polished...

Yesterday

Changing preconceptions in the diamond and financial markets

Eli Avidar is a man on the move…literally. In April, the former Israeli diplomat stepped away from the CEO’s office at the Israel Diamond Exchange, a position he had held for more than two years, and from the Israel Diamond Institute, where he had been...

13 august 2018

Chasing a dream…

Elina Chan, MD of Shenzhen Shi Qing Yu Zhubao Ltd completed her higher education from Xiamen University and Master’s degree from Hong Kong University. To achieve her dream to start a business, Elina gave up numerous job opportunities in Hong Kong and...

06 august 2018

Pangolin Diamonds using termites to find kimberlite indicators in Botswana

It is not a secret that the rate of kimberlite discovery in Botswana has dropped considerably and research has shown that termites can help diamond explorers have an understanding of the transport mechanism of kimberlite indicator minerals from the kimberlite...

30 july 2018

In another fifty years, we’ll have a different scale of valuation, and all those items of natural origin – including diamonds – will sharply increase in price

Within the framework of the Qatar-Russia 2018 Year of Culture, the World Diamond Museum hosts an exhibition of the Qatar Museums at the State Historical Museum in Moscow – "Pearls: Treasures of the Seas and the Rivers," that opened on 11 July...

24 july 2018

Firestone Diamonds appoints new CEO

15 may 2018
Firestone Diamonds has appointed Paul Bosma as the company’s new chief executive with effect from 1 July 2018 following Stuart Brown's decision to step down on 30 June.

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Image credit: Firestone Diamonds


Bosma, who previously worked for De Beers, joined Firestone in 2014 as the mineral resources manager on the project team and was in 2016 appointed general manager of Liqhobong mine, in Lesotho.
“The board, in its succession planning, has been impressed with Paul's role as general manager of Liqhobong, while his significant experience in the diamond sector as well as a deep understanding of capital markets make him the ideal candidate to become the new CEO,” said company non-executive chairperson Lucio Genovese.
“...Stuart joined just under five years ago, with the mandate to lead the financing and construction which subsequently put Firestone into the elite group of producing diamond companies. We wish him every success for the future."
Meanwhile, Brown said Firestone was well placed to realise its full potential under Bosma's leadership.
“I feel confident that Paul knows the Liqhobong mine better than anyone and has been instrumental in delivering the mine performance within budget, and continuing Firestone's remarkable zero lost time injury record since project commencement in July 2014,” he said.
Firestone, which commenced commercial production at Liqhobong on 1 July 2017, said last March that it recovered 379,716 carats in the first half of its 2018 year ended 31 December 2017.
The stones recovered included a 134-carat gem-quality light yellow diamond.
The company also said last month that it sold 217,380 carats from Liqhobong mine in the third quarter of its 2018 financial year compared with 156,942 carats recovered in the second quarter.
The sales achieved an average value of $81 per carat yielding proceeds of $17.6 million from the previous quarter’s $12.5 million.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished