DiamondBuzz
Ghana to Chair Kimberley Process in 2027
Ghana, represented by the Ghana Gold Board (GoldBod), has been appointed Vice Chair of the Kimberley Process (KP) for 2026 and is set to assume the Chairmanship in 2027. This landmark appointment, announced at the 2025 Kimberley Process Plenary in Dubai, marks the first time a West African nation will lead the global diamond certification initiative since its inception in 2003.
Despite being one of the world’s smaller diamond producers, Ghana’s strong commitment to responsible mineral governance, transparency reforms, and technical expertise in gold and diamond management garnered widespread confidence among KP members. The appointment followed intense deliberations among governments, industry stakeholders, and civil society, underscoring Ghana’s readiness to steer the KP’s efforts in combating conflict diamonds and enhancing sustainable practices worldwide.
As Chair, Ghana will oversee the implementation of the Kimberley Process Certification Scheme (KPCS), coordinate working groups and committees, and guide policy decisions to ensure the integrity of the global diamond supply chain. Ghana Gold Board CEO Sammy Gyamfi emphasized that this esteemed role entails a significant responsibility to lead with excellence, transparency, and innovation.
The UAE, the current custodian Chair in 2025, continues to maintain leadership continuity, while the position of Chair for 2026 remains unfilled. Ghana’s leadership signals a new chapter for the KP, strengthening West Africa’s role in global diamond governance and sustainable industry practices.
DiamondBuzz
Lucara Secures $50 Million Equity Boost for Karowe Underground Expansion
Lundin Family Trusts back CAD 70 million private placement to fund 2026 development plans
Lucara Diamond Corp. has raised CAD 70 million (approximately $50.5 million) through a private placement of equity to support the advancement of its Karowe Underground Project (UGP) and strengthen its working capital position.
The company issued around 437.5 million shares at a price of CAD 0.16 per share, with the Lundin Family Trusts subscribing to the entire offering. The Lundin family controls Nemesia, Lucara’s largest shareholder, reinforcing its long-term commitment to the miner’s flagship Botswana operation.
Proceeds from the financing will be primarily used to progress the Karowe UGP, a key growth initiative aimed at extending the life and value of the mine, alongside general corporate and working capital requirements.
Commenting on the transaction, Lucara President and CEO William Lamb said the support from the Lundin Family Trusts highlights the strategic importance of the underground expansion. He added that the funding will position the company to accelerate critical project milestones planned for 2026.
The private placement is subject to customary regulatory approvals, including acceptance by the Toronto Stock Exchange, and does not require shareholder approval. Lucara expects the transaction to close by the end of the month.
Gold & Precious Metals – A future outlook
All That Glitters: The Jewellery Moments Everyone Talked About at the 2026 Golden Globes
GJEPC launches ‘ JewelStart’ -India’s first dedicated innovation & incubation centre for the GJ industry
-
GlamBuzz2 weeks agoGIVA Launches ‘Glow in Motion’, Unveils New Jewellery Collection Fronted by Barkha Singh
-
International News2 weeks agoSilver retraces down on margin hike pressure AUGMONT BULLION REPORT
-
JB Insights2 weeks agoThe JewelBuzz E-zine: Your Fortnightly Pulse of the Jewellery Industry
-
JB Insights2 weeks agoIIJS Bharat Signature 2026 set to open the year with scale, innovation and global momentum
JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.