Dominion Diamond Corporation reported that former chairman Robert Gannicott board of directors (Robert A. Gannicott) died on August 3 at the age of 69 years.
Gannicott was the director of the company since its inception in 1992, he was chairman of the board of Dominion from June 2004 to April 2016 and served as executive director from September 1999 to July 2015.
"It is a sad day for the Dominion, - said Brendan Bell (Brendan Bell), CEO of Dominion -. Bob Gannicott was a visionary and a mainstay of the Canadian diamond industry he built a company from scratch, having passed her way from the diamond mining company, junior to that. than it is today - the largest independent producer of diamonds in Canada. "
"Bob was an exceptional leader and a good friend and mentor, He will be greatly missed by all who had the good fortune to work with him and to know him." - concluded Bell.
Gannicott headed the Dominion Throughout its development - from the opening and the creation of Diamonds Diavik project in 1994 and 1995. In addition, during his leadership Dominion acquired jewelry manufacturer with Harry Winston diamonds.
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Gemfields received $ 14.3 million as part of its auction of emeralds mostly of poor quality from the mine Kagem (Kagem) in Zambia, owned by the company by 75%.
Emeralds were sold at a price of $ 5.15 per carat - a record for an auction of this quality stones.
"Once again, we managed to get a great result at the auction in Jaipur, and also to achieve a new record for the price of emeralds mostly of low quality," - said Chief Executive Officer Jan Gemfields Herbotl (Ian Harebottle).
"The result of this auction means that Kagem mine brought the company more than $ 100 million in revenue in the current fiscal year. Although we are confident that in the coming years we will be able to exceed these figures, we are still thankful to all the loyal members of our team. They made it possible for the that Kagem mine achieved unprecedented success for the precious stones sector in Zambia, "- he added.
At the auction, which was held in Jaipur in India last week, it offered to buy 3.67 million carats of emeralds, with the company managed to sell 14 of the 18 lots.
In Gemfields noted that through this auction will be significant opportunities for further growth in demand in other emerging areas.
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