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...

09 december 2019

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

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