Wheat Ridge, Colorado police took a 50-year-old man into custody Wednesday following a two-month search.
Mustang Opens Sales, Marketing Office in Thailand
The mining company will close its larger sales facilities in Mauritius, which are no longer “suitable” for current production levels.
Sydney--Mustang Resources has announced a few changes to its sales and marketing operations following a strategic review of its Montepuez ruby project in Mozambique.
The review was initiated and overseen by the company’s new managing director, Bernard Olivier, who was named to the position in January.
Mustang will close its sales facilities in Mauritius, which were established to hold large-scale auctions. The mining company said given its current production levels, they’re no longer suitable.
It now has set up a sales and marketing office in Chanthaburi, Thailand, known to be one of the main trading and beneficiation centers for colored gemstones in the country. The new office there is smaller and lower cost than the Mauritius facilities, Mustang said.
The company’s ruby inventory of more than 333,184 carats that was stored in both Mauritius and Mozambique has been relocated to Chanthaburi, where it will be re-parcelled and prepared for sale.
Mustang also said it has revised its marketing strategy to base it on the regular sales of rubies of all qualities to local and international customers. It’s intended to help the company regularly gain market intelligence so it can identify demand in all categories of rubies as well as establish relationships with ruby customers to meet their individual requirements.
The Chanthaburi office also will oversee select heating and cutting of the company’s mined rubies.
Mustang held its first auction of rubies from Montepuez in Port Louis, Mauritius in October, but called the results “disappointing.” Of 21 “schedules” offered, comprised of multiple lots, eight were sold.
Mustang said at the time that the final results “reflected inadequate volumes in each category,” but added that the sale allowed them to gather valuable market intelligence for future tenders.
The next planned plant upgrade at its Montepuez ruby project was delayed so the company could focus on accumulating more rubies in each of the most desired ruby categories ahead of its next tender, slated for mid-2018.
Mustang’s managing director resigned from his position shortly after the sale.
In other company news, Mustang announced it has upgraded another exploration license at Montepuez to a mining concession.
The area covered in the former prospecting and exploration license is an integral part of its ruby project, it said. The majority of the ruby bulk sampling and pitting conducted by Mustang over the past several months was undertaken on the license.
The mining concession
Mustang now has to complete an Environmental Impact Assessment and associated enjoyment of land within three years.
The mining company also has appointed experienced resources executive Evan Kirby as a non-executive director.
Kirby is a metallurgist with more than four decades of experience. Over the last couple of years his focus has been on the development of an African-based graphite project.
He is based in Perth, Western Australia.
The Latest
PGI partnered with four new and seven returning designers for its annual platinum capsule collection.
Nicolosi, president and CEO of The Kingswood Company, previously sat on WJA’s board from 2011 to 2018.
Meet Ben Claus—grand prize winner of For the Love of Jewelers 2023 Fall Design Challenge.
Karina Brez’s race-ready piece is a sophisticated nod to the horse-rider relationship.
The men are allegedly responsible for stealing millions in jewelry and other valuables in 43 burglaries in 25 towns across Massachusetts.
“Horizon” invites individuals to explore the limitless possibilities that lie ahead, said the brand.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
The jeweler credits its recent “Be Love” campaign and ongoing brand revamp for its 17 percent jump in sales.
The co-founder of Lewis Jewelers was also the longtime mayor of the city of Moore.
Elvis Presley gifted this circa 1967 gold and diamond watch to Dodie Marshall, his co-star in “Easy Come, Easy Go.”
Concerns about rising prices, politics, and global conflicts continue to dampen consumer outlook.
May’s birthstone is beloved for its rich green hue and its versatility.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
The “Tiffany Céleste” collection reimagines designer Jean Schlumberger’s interpretations of the universe.
The brand also created a 100-carat lab-grown diamond necklace in honor of its centennial.
Tim Schlick has been promoted from his previous position as COO.
It’s the second year for the event, slated to take place in October in Toronto.
Supplier Spotlight Sponsored by GIA
“SIS x MISA Denim and Diamonds” is a collaboration between the designer and celebrity stylist Misa Hylton.
The retailer is moving to a newly designed space in the same shopping center.
Gifts that are unique and thoughtful are top of mind this year, according to the annual survey.
The necklace is featured in the brand’s “Rebel Heart” campaign starring Adam Levine and Behati Prinsloo.
The two organizations will host a joint event, “Converge,” in September 2025.
Big changes appear to be on the horizon for the diamond miner and its parent company, Anglo American.
Padis succeeds Lisa Bridge, marking the first time the organization has had two women board presidents in a row.