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.
More on Sourcing
The Latest
EditorsNov 22, 2024
Out & About: Inside the CD Peacock MansionStep inside the nearly 21,000-square-foot suburban Chicago jewelry store with Editor-in-Chief Michelle Graff.
CollectionsNov 22, 2024
Piece of the Week: Xander Jane’s ‘Spiked’ Pearl StudsThese punk-inspired earrings from the new Canadian brand’s debut collection reveal the alter ego of the classic pearl.
Supplier BulletinNov 21, 2024
Tasha R Releases 2025 Labbelle Lab Diamond Jewelry CatalogSponsored by Tasha R
Brought to you by
Navigating Cybersecurity: Essential Guidance for JewelersFrom protecting customer data to safeguarding inventory records, it's crucial to learn how to tackle cybersecurity challenges.
AuctionsNov 21, 2024
Gold Watch Gifted to Titanic Rescue Ship Captain Sells for $2MThree Titanic survivors presented him with the personalized Tiffany & Co. timepiece about a year after the tragedy.
Weekly QuizNov 21, 2024
This Week’s QuizTest your jewelry news knowledge by answering these questions.
MajorsNov 21, 2024
Harris Jewelry Ordered to Reopen Claims Portal for Refund RequestsA federal court found that the jewelry store chain violated terms of the settlement reached after it was accused of defrauding customers.
CollectionsNov 21, 2024
Channel Elphaba in Muse’s ‘Have a Heart x Cynthia Erivo’ CollectionCynthia Erivo chose Dreams of Hope, an organization dedicated to empowering LGBTQA+ youth, as the charity for this year’s collection.
Brought to you by
Enhance Your Expertise with IGI’s In-Person Courses in NYCThis fall, sharpen your skills in jewelry grading, quality control and diamond assessment.
MajorsNov 21, 2024
Rocksbox Opens Pop-Up Store in San FranciscoThe new space was designed to evoke a warm, inviting vibe.
IndependentsNov 21, 2024
Mary Moses Kinney Is Now Part of The Edge’s Team Kinney, who spent nearly 30 years at IJO, has been hired to head Abbott Jewelry Systems’ new virtual marketplace.
CrimeNov 20, 2024
Sotheby’s to Pay $6.25M Settlement to NY State for Alleged Tax FraudThe auction house was accused of helping clients avoid paying taxes on millions of dollars’ worth of art purchased from 2010 to 2020.
Events & AwardsNov 20, 2024
Kering Debuts New Jewelry Award With Sustainability FocusThe four finalists will present their pieces at the 2025 JCK Las Vegas show.
CollectionsNov 20, 2024
Pamela Love Channels Surrealist Artists in New CollectionThe “Camera Oscura” collection showcases earring designs celebrating female Surrealist artists Claude Cahun and Leonor Fini.
Policies & IssuesNov 20, 2024
Columbia Gem House Raises $10K for Reforestation EffortsThe money will fund the planting of 10,000 trees in critical areas across Oregon, Arizona, Montana, and other regions.
Events & AwardsNov 20, 2024
The Jewelry Symposium Opens Registration, Scholarship ApplicationsThe event centered on advancing jewelry manufacturing technology will return to Detroit in May 2025.
CrimeNov 19, 2024
Woman Killed in Armed Robbery of Sacramento Jewelry StoreLocal reports identified the woman as the wife of the jewelry store owner.
AuctionsNov 19, 2024
‘A Tsar’s Treasure’ Fetches $2.9M at Sotheby’s Jewelry SaleA collection of pieces owned by Ferdinand I, the first king of modern Bulgaria, and his family, blew away estimates in Geneva last week.
MajorsNov 19, 2024
Trove Opens First US Flagship in NYCThe Australian jewelry box brand’s new West Village store will showcase new jewelers each month through its Designer in Residence program.
CollectionsNov 19, 2024
Snoop Dogg’s New Jewelry Collection Is All About Love“Lovechild” was created in partnership with Carolyn Rafaelian’s Metal Alchemist brand.
EditorsNov 18, 2024
Q&A: Helzberg CEO Brad Hampton on the Jeweler’s RebrandHampton discussed how Helzberg is improving the customer experience and why it was inspired by the company formerly known as Dunkin’ Donuts.
Policies & IssuesNov 18, 2024
Reciprocity Jewels Returns to NYC Jewelry WeekThe group will host several curated events and an exhibition of designer jewelry made with Peruvian gold traceable to the miners’ names.
CollectionsNov 18, 2024
Dolly Parton Shines in Collaboration with Kendra ScottThe collection honors the 50th anniversary of Dolly Parton’s “Love is Like a Butterfly” song, which shares a birth year with Kendra Scott.
Events & AwardsNov 18, 2024
IGI Jewelry Design Competition ReturnsThis year’s theme asks designers to take inspiration from classic fairy tales.
EditorsNov 15, 2024
Why Fine Jewelry Belongs at New York Comic ConSenior Editor Lenore Fedow makes the case for why more jewelers should be appealing to nerds at the annual event.
CollectionsNov 15, 2024
Marie Lichtenberg Battles Counterfeits with New ‘Raiz’in Scapular’ DesignsThe latest “Raiz’in” drop showcases a newly designed “Scapular” necklace and donates a portion of the proceeds to Make-A-Wish France.
WatchesNov 15, 2024
Piece of the Week: Citizen’s Commemorative Pocket WatchNo. 1 out of 100, the timepiece was created to mark Citizen’s 100th anniversary and will be auctioned off at Sotheby’s next month.
Recorded WebinarsNov 15, 2024
Watch: 10 Tips to Keep Your Jewelry Store Secure On the latest episode of “My Next Question,” two experts share best practices for store security during the holidays and year-round.
