Silver and diamonds - the "daily bread" of jeweler

GRINGOR is a St. Petersburg-based modern jewellery manufacturing company established in 2002. It successfully develops and implements the innovations, many of which resonate with the Russians and the people abroad. In 2012, GRINGOR was awarded the honorary...

26 july 2021

Willie Nagel, a gentleman, who would have the strength and stamina to deal with business leaders and politicians, passes away

By Alex Popov

Willie Nagel passed away on July 14th. Friday he was buried in Israel. I was flying from New York with a stopover in London when it happened. Being unable to be there and express my feelings to Adam and Toni, I would like to...

20 july 2021

Diamond industry's reaction to KP impasse

The Kimberley Process Civil Society Coalition (CSC) recently said that it is planning to approach the United Nations (UN) over the impasse on the redefinition of conflict diamonds and the principles of responsible sourcing. The CSC representative...

19 july 2021

Natural and LGDs are two segments of the industry that will have to learn to coexist together

Having now completed half a decade in the diamond jewelry exporting and wholesaling industry, Anmol Bhansali received formal training on Diamonds from GIA in addition to a lengthy training in jewelry wholesaling from the factories at Goldiam. He has...

12 july 2021

L'ÉCOLE Van Cleef & Arpels: our mission is to share the jewelry culture with as many people as possible

France has gradually begun to lift quarantine restrictions on places of cultural recreation, including museums starting from May 19, 2021. The world-renowned L'ÉCOLE, School of Jewelry Arts (L'ECOLE des Arts Joailliers) Van Cleef & Arpels...

05 july 2021

Diamcor changes terms of warrants

09 june 2021
Diamcor Mining says it intends to reprice about 2,9 million of its outstanding warrants expiring on June 20 and 1,8 million of the company’s outstanding warrants expiring on August 29.
It said in a statement the warrants were issued under a private placement financing by the company completed in two tranches on June 20 and August 29, respectively, each with an original exercise price of $0.60.
The company intends to amend these warrants to have an exercise price of $0.30 per warrant and to be extended for up to a year from the current applicable expiry date.
As the amended exercise price is below the market price for the originating private placement, the warrants are also being amended to include an accelerated expiry clause such that the exercise period of the warrants will be reduced to 30 days if for any 10 consecutive trading days during the unexpired term of the warrant, the closing price of the company’s shares is no less than $0.375.
The repricing of the Warrants and extension of the expiry date of the warrants is subject to TSX Venture Exchange approval and all applicable securities laws.

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