Blom Diamonds, diamond cutting company is a prominent representative of the diamond industry Erni Bloma (Ernie Blom), will be acquired by the Australian Tychean Resources for about $ 4.1 million. Under the deal, Tychean issue shares worth about $ 206,000 at the price per share at the level of 0,004 Australian dollar. It will acquire 74 per cent stake in Blom Diamonds. This amount will increase by approximately $ 1.3 million with a further issue of shares Tychean in each of the next three years, but this will happen only if the company will perform a lot of cutting and polishing predefined profit conditions, according to Rapaport reported.
Ernie Blom, who is the current president of the WFDB (World Federation of Diamond Bourses, WFDB ), founded Blom Diamonds in South Africa, which is engaged in diamond cutting. Blom will become managing director Tychean, when the transaction is closed, but will continue to be based in South Africa.
Tychean is an exploration company operating in Australia. The acquisition will be her first step in the diamond industry, said Dunkan Gordon (Duncan Gordon), the founder and one of the leaders Adelaide Equity Partners, which advised on the acquisition of a group Tychean diamond cutting company. Also, the group is negotiating on the purchase of a number of diamond exploration projects.
According Tychean data, the long-term outlook for the diamond trade is positive amid growing consumer demand and limited supply.
The transaction is expected to be completed within 90 days, as soon as it is approved by the Australian Securities Exchange (Australian Securities Exchange) and Tychean shareholders.
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Diamond mining giant Rio Tinto has presented the largest diamond mined from the history of Canada. Diamond gem-quality weighing 187.7 carats, known as "Glow Diavik" (The Diavik Foxfire), was discovered in the Diavik mine (Diavik) in the Northwest Territories of Canada, 220 km south of the Arctic Circle. Rio Tinto conducted an exclusive diamond preliminary demonstration at Kensington Palace in London.
The head of Rio Tinto Diamonds, Jean-Marc Lieberherr (Jean-Marc Lieberherr) said: "We are pleased to present this amazing diamond from Canada's age of two billion years of its ancient origin, as well as durability, craftsmanship and innovative technology necessary for its production in the complex. Arctic conditions make this diamond is a miracle of nature. "
Rio Tinto is actively engaged with local communities on the activities of the Diavik mine, which helped to achieve employment growth, skills and capacity development.
Mark Cameron (Marc Cameron) President Diavik Diamond Mines Inc., said: "The activity of the mine significantly active interaction between communities of indigenous people and a modern mining company."
Diamond will be shown in London, and then returned to Antwerp for the evaluation and planning of the next phase of his route. According to the company, of the diamond it will be received at least one very large diamond, which will decorate the family of exclusive jewelry.
Company Rio Tinto owns a 60 percent share of the Diavik diamond mine in Canada's Northwest Territories.
Diavik Mine is making a significant contribution to the economy of Canada's north. Since 2000, the owners of the Diavik concluded with local companies contracts for 4.8 billion Canadian dollars, of which 2.5 billion accounts for the firm, based indigenous to the region.
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