Our main role is to inspire consumers to consider diamonds - Jean-Marc Lieberherr

With over 25 years of experience in a variety of leadership positions across many geographies, functions and businesses, Jean-Marc Lieberherr has more than 10 years’ experience as a diamond industry leader, which includes as a Board member of the World...

Today

Training in diamond valuation is key for artisanal miners

Ian Rowe, the Executive Director of the Diamond Development Initiative (DDI) was appointed in September 2019, having joined DDI as Deputy Executive Director a year earlier. Ian managed field operations in Sierra Leone within this role and led...

02 december 2019

Kangalassi 2.0: Raising the living standards, creating new jobs

At the V Eastern Economic Forum (EEF) held in early September in Vladivostok, the Yakut company SAYBM signed a tripartite agreement with two agencies - the Far Eastern agency and the regional one - for attracting investments and providing export...

25 november 2019

We live in a new dimension of environmental responsibility carried by business

In mid-October, Moscow hosted the VIII Ecological Forum attended by representatives from the State, large industrial companies, scientific and public organizations. The forum delegates discussed the issues related to finding a balance between the socio-economic...

18 november 2019

De Beers’ GemFair delivering ‘positive impacts’ to ASM sector in Sierra Leone – David Johnson

GemFair, a pilot project developed by De Beers to create a secure and transparent route to market ethically sourced artisanal and small-scale mined (ASM) diamonds, is already delivering “important positive impacts” in Sierra Leone. Group head...

11 november 2019

Trans Hex to delist from JSE

25 november 2019

trans_hex-logo.pngTrans Hex, which has diamond operations in South Africa and Angola, is expected to finalise its delisting from the Johannesburg Stock Exchange (JSE) early next month.
Suspension of the listing of the company’s shares on the JSE is expected on 27 November, it said in a statement.
Trans Hex first announced its plans to delist on the JSE last July saying it would allow it to save on the costs of operating in a regulated environment.
It also felt that the JSE listing was of little benefit to the company at this stage of its operating cycle.
The company’s Angolan business had been growing financially, but the South African business experienced considerable challenges due to declining small diamond prices, lower than expected diamond grades and increasing costs relating to security.
Trans Hex recently liquidated its unprofitable West Coast Resources.
It previously failed to sell the business or to get a third party to run it.

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