Young Diamantaires: We create initiatives for the benefit of diamond communities worldwide

The World Federation of Diamond Bourses recently launched its Young Diamantaires website. The organization has worked for the past four years with young members of the diamond community all over the world to create a platform through which they can express...

29 june 2020

Those who implement the right anti-crisis strategies have more chances

It is not surprising that because of the pandemic and the crisis, the most heated debate in the jewellery industry is about what is happening and the possible ways of survival. Irina Slesareva, an expert, art director of the Russian Diamond Line contest...

22 june 2020

The secondary diamond market in Russia is not mature although its prospects are huge

Pavel Barannik, the founder and head of the Moscow Gemological Laboratory, the founder of the Gemological Institute and President of the Moscow Diamond Club, graduated from the Gemological Institute of America (GIA). He is an expert and consultant...

15 june 2020

Johan Erikson: The industry needs to spend more on advertising and marketing

First Element is a fully independent Diamond Services Company registered in Belgium, Botswana, South Africa and Dubai. First Element is committed to providing a world class diamond service aimed at adding value to the entire supply chain, from the daily...

08 june 2020

African diamond firms on COVID-19 response, recent developments

Rough & Polished recently contacted several diamond producers and exploration companies with operations in Africa to establish how their operations were affected by the Covid-19 pandemic and what they are doing to alleviate the impact. We also sought...

01 june 2020

Gem Diamonds engages shareholders over re-election of directors

04 december 2019

gem_diamonds_logo.pngGem Diamonds is, in accordance with a provision in the UK Corporate Governance Code, engaging with shareholders who voted against the re-election of two of its directors. 
The company says the re-election of Harry Kenyon-Slaney and Clifford Elphick was significantly voted against at the June 2019 annual general meeting due to the board's approach on share buybacks, dividends and board composition.  
The board had made a decision not to currently recommend a share buyback programme or payment of dividend.  
“The present position of the diamond market and the need to maintain appropriate levels of cash reserves, were key factors in the board's current approach to these share capital matters, and they will continue to be regularly reviewed by the board,” it said.
Gem Diamonds said in the half year review issued in September that its dividend policy is dependent on the results of the group's operations, its financial condition, cash requirements, future prospects, profits available for distribution and other factors deemed to be relevant at that time.  

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