“Only do business with clients who have impeccable integrity,” suggests Davy Blommaert, banker

Davy Blommaert heads the Diamond Business at National Bank of Fujairah, which falls under the bank’s corporate and institutional banking division. With nearly 10 years of experience in the diamond industry, he was tasked to establish a unit within NBF...

18 march 2019

Russia’s export legislation is like a log on the road making it difficult to drive through

Eduard Utkin, General Manager of the Russian Jewellers Guild Association, which is a member of the Russian Federation Chamber of Commerce and Industry, answers the questions from Rough & Polished regarding the activities of the country’s professional...

11 march 2019

Botswana mum on new demands as negotiations with De Beers draw closer

Botswana said it will begin new diamond marketing and sales negotiations with De Beers in June or July this year. Mineral resources minister Eric Molale told Rough & Polished’s Mathew Nyaungwa on the sidelines of a mining conference in Cape Town, South...

04 march 2019

DLX-jewellery will focus more on colour stone designed pieces as well as diamond jewellery sets going forward - Jack Chen, General Manager, DLX-Jewellery

Graduating in International Business from an Institute in Sydney, Australia, in 2015, Jack Chen returned to China to start managing his family-owned jewellery business. Besides holding a certificate in a practical diamond course at Gemological Institute...

25 february 2019

Ali Pastorini: “We have to change a little the way to sell the idea that buying jewelry is just for glamour”

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 1000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

18 february 2019

Peregrine seeks security holders’ approval of De Beers deal

02 august 2018

Peregrine Diamonds has been granted an interim order from the Supreme Court of British Columbia, which paves way for the holding of a special meeting of its security holders to consider plans by De Beers to acquire the company for C$107 million ($81 million).
The special meeting would be held on August 31.
Peregrine, which owns the Chidliak diamond resource in Canada’s Nunavut Territory, said shareholders would be asked to approve a reduction in the capital of the common shares of the company.
It said its directors had unanimously recommended that security holders vote for the arrangement and that shareholders vote for the stated capital reduction.
De Beers said last month that the transaction would be executed via a plan of arrangement, which was set for September.
The Chidliak resource was discovered in 2008 and 74 kimberlite pipes had been identified at the project, including the CH-6 and CH-7 pipes, which are the current focus of the mine’s first phase diamond development programme.
The diamond development programme had a total inferred mineral resource in excess of 22 million carats.

Mathew Nyaungwa, Rough&Polished