The former WJA executive director is MFM’s new managing director.
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The miner’s March auction generated $19 million.
The miner unveiled its newest peridot cut at the recent Hong Kong show.
The company’s rough sales improved for the third sales cycle in a row.
It is another 10-year sales agreement in which all the larger rough recovered from the Karowe mine will go to HB Group for manufacturing.
The company recovered 31.9 million carats of diamonds in 2023, compared with 34.6 million in 2022.
The diamond miner and marketer said “solid” holiday sales in the U.S. helped stabilize the industry.
Four of those who died in Tuesday’s crash were workers at the mine, while two were airline crew members.
The company was up against tough comps and had to curtail sales as diamond demand waned.
The EU also provided details on the carat weight threshold, and how it will track rough diamonds.
Its final sale this year brought the miner’s annual auction revenue to the second highest in its history.
The Choron Group has acquired the diamond, which Storm Mountain Diamonds recovered in Lesotho earlier this year.
Though diamond demand is expected to recover, leaders are urging the industry to remain cautious amid economic and geopolitical tensions.
It provides a timeline for the implementation of new restrictions, but no details.
The Luele mine is expected to eventually make the country the world’s third-largest diamond producer.
India’s voluntary moratorium on rough diamond imports coupled with a stunted recovery in China continue to impact the miner.
Matthew Breen will take over as chief operating officer, succeeding Angela Biggs, the first woman to lead the mine.
The company attributed the drop to the ongoing transition at Venetia and planned maintenance at its diamond mines in Botswana.
The mining company said the event is the first of its kind in the world.
The company is pulling back on sales amid oversupply in the midstream and slumping diamond jewelry demand.
Lower quality and quantity drove the decision to withdraw the sale.
Chief Financial Officer Zara Boldt and Vice President of Technical Services John Armstrong will leave the company later this year.
The two have signed “heads of terms” for the tentative 10-year sales agreement they reached in June.
The two companies initially partnered during the pandemic and had just signed a 10-year sales agreement in November 2022.
The plea comes against a backdrop of declining demand and falling prices.