Pandora’s endorsement of lab-grown stones will not devalue natural diamonds – Zimnisky

Jewellery retailer Pandora recently announced that it will no longer purchase natural diamonds as it had switched to lab-grown diamonds. However, diamond market analyst Paul Zimnisky told Rough&Polished’s Mathew Nyaungwa in an exclusive interview that...

07 june 2021

“The volume of Forevermark diamonds that we drive through Indian partners is much higher than in other parts of the world,” says Sachin Jain

Sachin Jain has been a part of the Indian arm of De Beers that dates back to 2010 when he came on board as Head of Retail. In year 2014 he took over as President of Forevermark and today he is the Managing Director of De Beers, India. His single-minded...

31 may 2021

GSI's new Jaipur office to specialize in colored gemstones

Gemological Science International (GSI) has opened a new laboratory in Jaipur, India. Since this state is the capital of colored gemstones, the laboratory will have a dedicated division specializing in colored gemstone geographical origin and...

24 may 2021

“We welcome the mandatory hallmarking in the interest of consumers, but it is also essential to have proper and evenly spread infrastructure across India,” asserts Ashish Pethe, Chairman, GJC

Ashish Pethe, Chairman of All India Gem and Jewellery Domestic Council (GJC), formerly known as All India Gems & Jewellery Trade Federation (GJF) is based in Mumbai. As the third-generation heir of M/s Waman Hari Pethe Jewellers established...

17 may 2021

ALMAR is a case in point that will serve to develop the process of funding junior companies and geological exploration in general

Arkticheskaya Gornaya Kompaniya (AGK, Arctic Mining Company) develops the diamond deposits in the Lena-Anabar diamondiferous sub-province of Yakutia under the ALMAR (Diamonds of the Arctic) brand. This company attracts investments for...

10 may 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