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Dr M'zée Fula Ngenge: Diamond industry must embrace transparency, new sales models to survive

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There will continue to be a bifurcation between natural and synthetic diamonds, and people will return to natural stones, Billiton Diamond Auctions Director Antony Dear believes

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Lucapa Diamond appoints Stuart Brown as independent non-executive chairperson

09 april 2024

Lucapa Diamond has appointed Stuart Brown as independent non-executive chairperson and Ronald 'Ronnie' Beevor as independent non-executive director to its board.

It said Brown brings over 30 years of diamond knowledge and Africa experience as the former Interim chief executive and chief financial officer of major diamond producer De Beers, with which he had a 20-year career.

He is also a former chief executive of both Firestone Diamonds and Mountain Province Diamonds.

During his time at Firestone Diamonds, Brown raised $225 million to develop the Liqhobong Mine in Lesotho.

While chief executive of Mountain Province Diamonds, he oversaw a processing review at Gahcho Kue Mine in Canada, which drove further profitability through increased production throughput.

Brown is currently a non-executive director of London-listed Ukrainian iron-ore miner Ferrexpo Plc and also a member of the audit and remuneration committees.

Meanwhile, Lucapa said Ronnie is currently a director of Canadian iron-ore miner Champion Iron Limited, a director of Canadian explorer Mont Royal Resources and serves as chairman of Felix Gold, a gold explorer with assets in the United States.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished