Lab-GrownNov 04, 2022
Lab-Grown Diamond Brand Lightbox Names New CEO SourcingNov 22, 2022
Head of Australian Miner Burgundy Diamond Resigns
The company announced the resignation of Peter Ravenscroft late last week, effective immediately.
Rough diamonds from the Ellendale Diamond Mine in Western Australia, where Burgundy Diamond Mines is working to restart operations. Peter Ravenscroft, the head of Burgundy, just resigned with immediate effect.
Perth, Australia—The head of Burgundy Diamond Mines Ltd., the company mining yellow diamonds at Ellendale in Western Australia, has resigned, the company announced late last week.
Burgundy gave no reason for the departure of Managing Director and CEO Peter Ravenscroft, noting only that his departure was effective immediately and thanking him for his “dedication and service” to the company.
The board named Kim Truter, who was appointed as a non-executive director in September 2020 and selected as non-executive chair of the board in December 2021, as interim CEO.
Truter has more than 30 years of experience at both aboveground and underground operations, including diamond mines in Canada, Australia, and Africa. He most recently worked at De Beers Canada and, prior to that, Rio Tinto Diamonds.
Michael O’Keeffe, who was appointed to the company’s board in June 2017, was named executive chairman.
O’Keeffe served as managing director of Glencore Australia Ltd. from 1995 to 2004 and executive chairman of Riversdale Mining Ltd. before Rio Tinto acquired it in 2011.
He is currently the executive chairman and former CEO of Champion Iron Ltd., which operates an iron ore project in Canada.
Based in the Australian city of Perth, Burgundy is one of two companies working to revive mining at Ellendale, a site famed for its bright yellow diamonds and once the supplier to Tiffany & Co.
The company said in March it expects to start production by year’s end and announced the recovery of its first diamond from the site in September.
Related stories will be right here …
Burgundy gave no reason for the departure of Managing Director and CEO Peter Ravenscroft, noting only that his departure was effective immediately and thanking him for his “dedication and service” to the company.
The board named Kim Truter, who was appointed as a non-executive director in September 2020 and selected as non-executive chair of the board in December 2021, as interim CEO.
Truter has more than 30 years of experience at both aboveground and underground operations, including diamond mines in Canada, Australia, and Africa. He most recently worked at De Beers Canada and, prior to that, Rio Tinto Diamonds.
Michael O’Keeffe, who was appointed to the company’s board in June 2017, was named executive chairman.
O’Keeffe served as managing director of Glencore Australia Ltd. from 1995 to 2004 and executive chairman of Riversdale Mining Ltd. before Rio Tinto acquired it in 2011.
He is currently the executive chairman and former CEO of Champion Iron Ltd., which operates an iron ore project in Canada.
Based in the Australian city of Perth, Burgundy is one of two companies working to revive mining at Ellendale, a site famed for its bright yellow diamonds and once the supplier to Tiffany & Co.
The company said in March it expects to start production by year’s end and announced the recovery of its first diamond from the site in September.
More on Sourcing
The Latest
SurveysJul 01, 2026
Consumer Confidence Ticks Up in JuneFalling oil prices were a factor in the slight month-over-month improvement.
CollectionsJul 01, 2026
Rio Grande Launches First Finished Bridal CollectionThe new offering comprises more than 120 bridal and engagement ring styles with natural and lab-grown diamonds.
WatchesJul 01, 2026
Rolex Unveils Clock at Rockefeller CenterThe clock is part of the celebration for the soon-to-open Rolex headquarters on New York City’s Fifth Avenue.
Brought to you by
Wedding Band Trends 2026: Personalization Takes Center StageColored gemstones, artisan finishes, mixed metals, and meaningful details are shaping demand in bridal jewelry.
IndependentsJul 01, 2026
Kristen Cannon of Valobra Master Jewelers Dies at 49The public relations professional is remembered for her benevolent generosity and unwavering commitment to those around her.
Weekly QuizJun 25, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
WatchesJun 30, 2026
Pokémon Fans Will Want to Catch This New G-Shock WatchThe new watch commemorates Pokémon’s 30th anniversary.
MajorsJun 30, 2026
Saks Global Emerges From Bankruptcy With New NameThe luxury retailer is now called Exemplar Luxury Group.
Brought to you by
Building the Future of Jewelry Retail: DCA Expands Education, Leadership Development, and Workforce SolutionsDCA is preparing the next generation of professionals by supporting workforce development, leadership growth, and career advancement.
CollectionsJun 30, 2026
Jade Ruzzo’s New Collection Embodies the Art of Being a LadyThe “Lady” collection is a new take on old beauty standards with gemstone-adorned hair pins and combs, a compact mirror necklace, and more.
GradingJun 30, 2026
AGS Opens 2026 Recertification ExamAll active members who earned their credential or designation before Dec. 1, 2025, are required to recertify.
CollectionsJun 29, 2026
Briony Raymond’s New Collection Is a ‘Carousel’ of Hard StonesThe new jewelry collection uses a colorful palette of onyx, malachite, tiger’s eye, mother-of-pearl, lapis, turquoise, and coral.
IndependentsJun 29, 2026
Look Inside Lee Michaels’ Revamped Mississippi FlagshipLee Michaels Fine Jewelry is celebrating 30 years in the Ridgeland, Mississippi community.
GradingJun 29, 2026
National Rarities Announces New Gemology ManagerSean Milliner has joined the company.
GradingJun 29, 2026
GIA to Open New London CampusClasses will begin in August at GIA’s new Canary Wharf location.
AuctionsJun 26, 2026
‘Hogback’ Diamond Ring Finds a New Home A ring set with “hogback” diamonds, an early stone cut dating to around the 16th century, sold for more than $20,000 at a U.K. auction.
CollectionsJun 26, 2026
Strength Is Sharpened Into Beauty in Kris Averi’s ‘Prism Thorn’ RingThe rainbow version of the ring, our Piece of the Week, features angel-cut, octahedral lab-grown sapphires designed to be worn as armor.
MajorsJun 26, 2026
Rembrandt Charms Debuts ‘Charms That Give Back’The new initiative donates a portion of the proceeds from select charms to charitable causes.
TrendsJun 26, 2026
Bernard James Celebrates Knicks’ Win with RingThe Brooklyn-based jeweler created a limited-edition version of its “Aura” eternity band, set with gemstones in the team’s colors.
EditorsJun 25, 2026
Out & About: How Jewelers Mutual, SCAD Are Tackling the Bench Jeweler ShortageSenior Editor Lenore Fedow headed to Savannah to learn more about the 10-year, $10 million partnership between JM and the art school.
CollectionsJun 25, 2026
Mejuri Experiments With SteelIts new capsule jewelry collection features gold-finished stainless steel pieces designed for a maximalist look without a luxury price tag.
Events & AwardsJun 25, 2026
Watches & Wonders Announces 2027 DatesThe week-long event in Geneva is slated for April 2027.
SourcingJun 25, 2026
Annie Doresca, Mark Smelzer, Sara Yood Join Gem Legacy BoardThe three industry leaders bring financial, communications, and legal expertise to the nonprofit’s board of directors.
ColumnistsJun 24, 2026
The Revenue Hiding Between Your Counter and Your Online CartJewelers are missing out by not offering this one key add-on at the online point of sale, Emmanuel Raheb writes.
CollectionsJun 24, 2026
Greenwich St. Jewelers, Jewel Boxing’s Latest Drop Is On-TrendThe fourth collaborative collection from the retailer and jewelry content creator focuses on gemstone charms and strands of colorful beads.
Events & AwardsJun 24, 2026
AGTA Accepting Entries for Spectrum 2026This year’s AGTA Spectrum & Cutting Edge Awards will feature two new categories.
SourcingJun 24, 2026
Columbia Gem House To Offer Alexandrite Melee OnlineThe collection features traceable alexandrite from Brazil in calibrated sizes that is sorted by grade.
MajorsJun 24, 2026
CaratLane Names New Chief Sales OfficerDhaval Raja has been appointed to the role.
