SourcingApr 10, 2024
Compliance, Caution, and Concern: The Current Outlook of Indian Diamantaires SourcingApr 09, 2024
Former De Beers Exec Appointed to Lucapa Board
Stuart Brown, who was De Beers’ CFO and interim CEO, is now Lucapa’s independent non-executive chairman.
The 170-carat “Lulo Rose” diamond, right, and the 80-carat colorless diamond pictured beside it were recovered from Lucapa’s Lulo mine. The company, which got a new CEO late last year, recently announced changes to its board.
Subiaco, Western Australia—A longtime De Beers Group executive has joined the board of another diamond miner.
Lucapa Diamond Co. Ltd. announced Monday that Stuart Brown has been appointed chairman of its board.
Brown served as De Beers’ CFO and its co-acting CEO alongside Bruce Cleaver in 2010 and 2011, the year between CEOs Gareth Penny and Philippe Mellier.
He is the former CEO of Firestone Diamonds and Mountain Province Diamonds, the mining company that operates the Gahcho Kué mine in partnership with De Beers Canada.
Lucapa said Brown brings “significant” board experience, as he currently serves as a non-executive director of Ukrainian iron ore mining company Ferrexpo Plc, as well as on its audit and remuneration committees.
He also is a non-executive director and chair of the audit committee for Digby Wells Environmental Holdings Ltd., a provider of ESG consulting services to the mining industry.
Related stories will be right here …
Lucapa Diamond Co. Ltd. announced Monday that Stuart Brown has been appointed chairman of its board.
Brown served as De Beers’ CFO and its co-acting CEO alongside Bruce Cleaver in 2010 and 2011, the year between CEOs Gareth Penny and Philippe Mellier.
He is the former CEO of Firestone Diamonds and Mountain Province Diamonds, the mining company that operates the Gahcho Kué mine in partnership with De Beers Canada.
Lucapa said Brown brings “significant” board experience, as he currently serves as a non-executive director of Ukrainian iron ore mining company Ferrexpo Plc, as well as on its audit and remuneration committees.
He also is a non-executive director and chair of the audit committee for Digby Wells Environmental Holdings Ltd., a provider of ESG consulting services to the mining industry.
Brown joins Lucapa amidst a board shakeup.
The Western Australia-based mining company announced Monday that investment banker Ronald (Ronnie) Beevor is joining the board as independent non-executive director.
The board’s current non-executive chairman, Miles Kennedy, and non-executive director, Ross Stanley, are stepping down, though Kennedy will remain a non-executive director of the company.
All changes are effective immediately.
Lucapa operates the Lulo alluvial mine in Angola and the Mothae mine in Lesotho.
It also is exploring for diamonds in Australia, Angola, and Botswana, and conducting a feasibility study into the development of the Merlin Diamond Project in Australia.
In July 2023, the company announced that CEO Stephen Wetherall would be stepping down at the end of the month.
Nick Selby, the company’s former executive director of operations, is now the company’s CEO and managing director.
Editors' Picks
Sponsored by
More on Sourcing
The Latest
ColumnistsSep 14, 2026
Sherry Smith: Stop Waiting for December to Save Your ChristmasThe stores that have a great December are the ones that made good decisions in August, September, and October, Sherry Smith writes.
AuctionsSep 14, 2026
22 Carats of ‘Sunshine’ Are Up for AuctionThe 22.09-carat fancy yellow “Pragnell Kimberley Sunshine Diamond” is part of the fall jewelry sale at Heritage Auctions.
IndependentsSep 14, 2026
Greenwich St. Jewelers to Unveil Photography Exhibition“Adornos: Jewelry, Memory & What We Pass Down” honors the jewelry’s importance to New York City’s Latine communities.
Brought to you by
Your Piece Could Be the One Editors Talk AboutSubmit your pieces for a chance to win in this year's competition.
CollectionsSep 11, 2026
A Sapphire ‘Stardust’ Ring From Greenwich St. Jewelers The Latine-owned New York jeweler is marking two milestones this year: its 50th anniversary and the 25th anniversary of the 9/11 attacks.
Weekly QuizSep 10, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
MajorsSep 11, 2026
The Wishing Place by JTV OpensThe jewelry retail broadcast network has sponsored a new space for Make-A-Wish East Tennessee on its campus in Knoxville.
Events & AwardsSep 11, 2026
The Edge Awards Scholarships to 2 Young Jewelry ProfessionalsThe recipients were recognized at the 24 Karat Club of the Southeastern United States’ annual banquet.
Brought to you by
Why More Jewelry Retailers Are Hosting Turnkey Estate Buying EventsRetailers are seeking new ways to attract customers, increase traffic, and create revenue – Estate buying events are a popular solution.
MajorsSep 10, 2026
Lagos Founder Steven Lagos Steps Down as CEO Keith Rolfe, CFO and COO of Lagos, is now at the jewelry brand’s helm while Steven takes on the role of executive chairman.
CrimeSep 10, 2026
FBI Offers $50K Reward for ‘Most Wanted’ Fugitive in $1M Jewelry HeistAlberto Perez-Elias is one of four men charged in the armed robbery of a Cape Coral, Florida, jewelry store and remains at large.
AuctionsSep 10, 2026
Massive Matched Pair of Paraíba Tourmalines Head to Sotheby’sThe “Kat Florence Luminas” will be offered together as one lot and could fetch up to $637,000.
SourcingSep 10, 2026
AGTA Announces 4 Newly Elected DirectorsFour directors were elected to the AGTA board and will serve three-year terms beginning in February.
AuctionsSep 10, 2026
Former Sotheby’s, Christie’s Exec Appointed CEO of Julien’s Auctions Ken Citron joins the celebrity memorabilia-focused auction house ahead of its first week-long series of events in Abu Dhabi.
FinancialsSep 09, 2026
Signet Jewelers to ‘Double Down’ on Blue Nile Amid Strong SalesThe jewelry retailer said it sees opportunity at higher price points, particularly in natural diamonds for bridal and fashion.
IndependentsSep 09, 2026
Sarah Leonard Fine Jewelers Closes After Nearly 80 YearsThe Los Angeles-based, family-owned jeweler was founded by Lenny and Sunny Friedman in 1946.
SourcingSep 09, 2026
Fura Gems Notes ‘Remarkable’ Interest in Larger Rubies at Latest SaleThe auction, held in Bangkok, was 96 percent sold by lot, with nearly 411,000 carats of Mozambiquan rubies sold.
MajorsSep 09, 2026
Stuller’s Latest Catalog Includes Its New Demi-Fine CollectionFine Jewelry 2027-2028 has more than 900 new styles, including silver, gold-filled, gold-plated sterling silver, and vermeil jewelry.
Policies & IssuesSep 09, 2026
8 Key Changes the FTC Made to the Jewelry Guides: A Refresher Learn more about the new terms for lab-grown diamonds and composite gemstones, and the major changes in store for precious metals jewelry.
IndependentsSep 08, 2026
Ricky Bromberg, Longtime President of Bromberg & Co., Dies at 67 Bromberg is remembered as a Southern gentleman who always wore a suit and tie and treated others with kindness.
TrendsSep 08, 2026
Amanda’s Style File: A Hot Take on September’s Birthstone With high durability and a wide range of colors to choose from, sapphires may be the ultimate birthstone, Gizzi claims.
ColumnistsSep 08, 2026
Peter Smith: Humor Is No Laughing MatterLaughter is often considered a distraction in the workplace, but it has benefits for both staff and management, Peter Smith writes.
MajorsSep 08, 2026
Former Tiffany & Co. Exec Joins Exemplar Luxury GroupGretchen Koback Pursel is the new chief people officer at the company formerly known as Saks Global.
IndependentsSep 04, 2026
Orloff Jewelers Will Soon Unveil a Bigger, Better LocationThe California jeweler is renovating its store in Fresno, with plans to show off the new space in December.
CollectionsSep 04, 2026
Chelsea Gabrielle Transforms Pilates Reformer Springs Into Ring A lifelong practitioner of Pilates, Gabrielle looked to the springs’ tension and suspension when creating this ring, our Piece of the Week.
Events & AwardsSep 04, 2026
JCK Industry Fund Accepting 2027 ApplicationsThe deadline to apply is Nov. 13.
AuctionsSep 04, 2026
Christie's Names New Global Head of WatchesThe auction house has promoted Remi Guillemin, formerly its head of watches for the Americas and EMEA, to the role.
EditorsSep 03, 2026
Q&A: Simon G.’s CEO on Why He Won’t Use AI for Jewelry DesignZaven Ghanimian discussed the value of human craftsmanship and where the implementation of artificial intelligence does work.
