Diamex Lab: Our technology allows you to trace the history of the origin of each stone

Gleb Sverdlov, CEO of Diamex Lab told Rough & Polished in his interview below about the development of IT technologies for the market of rough and polished diamonds and jewelry.

17 february 2020

The future of the market goes hand in hand with gemology

After 2019, a challenging year for the global diamond industry, we asked Yuri Shelementyev, head of the Moscow State University (MSU) Gemmological Center and president of the National Gemological Association (NGA), to share his views...

10 february 2020

Diamond industry in healthier position going into 2020

The diamond industry is in a healthier position going into 2020 due to actions taken last year, according to De Beers. Group spokesperson David Johnson told Rough & Polished’s Mathew Nyaungwa that the actions taken included reducing rough diamond production...

03 february 2020

Ethical sourcing and Diamonds Standards Organization

The diamond sector is ready to embrace a new decade and overcome some of its historical challenges. Ethical sourcing has proven to be undoubtedly one of the main aspects that industry professionals need to address. Antonio Cecere, President of Geneva...

27 january 2020

Ali Pastorini: Challenges make us think out of the box and be closer to customers

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together more than 1,000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

20 january 2020

Mountain Province Diamonds announced voluntary delisting from Nasdaq Stock Exchange

03 february 2020

mountainprovince_logo.pngMountain Province Diamonds Inc. announced that the company has notified Nasdaq Stock Market LLC ("Nasdaq") of its intention to voluntarily delist its common shares from Nasdaq Stock Exchange ("NASDAQ").
The Company is currently out of compliance with Nasdaq Listing Rule 5450(a)(1) which requires listed securities to maintain a minimum bid price of US$1.00 per share.  
Mountain Province has the option to apply for an additional 6 months extension from NASDAQ for continued listing subject to conditions, in order to regain minimum bid price of US$1.00 per share.  However, given that trading on the Toronto Stock Exchange ("TSX") accounts for a vast majority of the Company's current daily trading volume, the costs associated with maintaining this listing are no longer justified.

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Image credit: NASDAQ

The Company anticipates that the last day of trading for the Company's shares on the NASDAQ will be on or about February 10th, 2020. 
Mountain Province also announced that it currently intends at a future date, when permitted under the Securities and Exchange Commission (the "SEC") rules, to terminate the registration of the Company's shares with the SEC.
The Company's shares will continue to trade on the TSX after the NASDAQ delisting becomes effective. 
The Company is currently evaluating alternative platforms for future listings in order to increase liquidity.

Alex Shishlo, Editor of the Rough&Polished European Bureau