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After an 18-month pilot program, the company officially has launched the International Institute of Diamond Valuation to provide stone reselling opportunities for both the trade and consumers.
During a year that saw the market for both rough and polished diamonds constrained, the mining company’s revenue decreased to $249.5 million while profit was up 12 percent.
Mike Clemente now is vice president of sales while Brian Newman has been appointed Northeast territory manager.
Morrison, the Diamond Producers Association’s managing director of marketing, will exit the organization in May to “pursue another professional opportunity.”
The company, which is one of the largest suppliers in the United States, said it wants to “give jewelers every option they need to thrive.”
The stone is the fourth 100-plus-carat diamond to be discovered at Lucapa’s Lulo Mine in Angola since alluvial mining began there last year.
Jean-Marc Lieberherr, who just left his position as managing director of Rio Tinto’s diamond business, is now the CEO of the Diamond Producers Association.
The diamond miner and marketer’s sales totaled $4.7 billion in 2015, down from $7.1 billion in 2014.
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