URA Holdings has selected Bonas Group, an independent diamond and gemstone tender house, as its sales partner to assist in the marketing and sale of rough emeralds recovered from the company's Gravelotte emerald mine (GEM) in South Africa.
It said this strategic cooperation will capitalise on Bonas's significant knowledge in the diamond and gemstone business to guarantee the highest standards of security, transparency, and compliance throughout the sales process.
Using its existing tender platform, Bonas will oversee the entire sales process, which encompasses the planning, sorting, valuation, and marketing of the emeralds.
URA’s emeralds will be on display at the Bonas Group's premises in Bangkok, Thailand.
Meanwhile, URA said that it has successfully qualified as a client of the worldwide finance corporation DelGatto Diamond Finance Fund (DDFF).
It said that this partnership offers financial flexibility for the sales process and opens up potential future funding opportunities from DDFF to assist in pursuing URA's strategic objectives.
“This collaboration enhances our capability to bring our ethically mined emeralds to market while ensuring transparency and maximising value for our stakeholders,” said URA chief executive Bernard Olivier.
“After a long period of hard groundwork, we are now entering an exciting period for URA and our shareholders.”
He claimed that this partnership, which also ensures transparency and maximizes value for stakeholders, significantly improves their ability to market ethically mined emeralds.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
