DiamondBuzz
Petra Diamonds Confirms Vivek Gadodia and Juan Kemp as Joint CEOs, Strengthens Board Leadership
New permanent appointments aim to drive operational stability, corporate efficiency, and long-term value creation.
Petra Diamonds has officially named Vivek Gadodia and Juan Kemp as joint CEOs, following approval at the company’s annual general meeting on November 27. The duo, who have served as joint interim CEOs since February, will now continue in these roles on a permanent basis. Gadodia will lead the corporate strategy, while Kemp will oversee the miner’s operations, with both reporting regularly to the board.
“In the past nine months, we have shaped Petra into a more streamlined and resilient business as we worked through the company’s refinancing. We are committed to guiding the organisation forward, with a clear focus on delivering our extension projects and unlocking value for stakeholders in the short to medium term,” they said.
In parallel, Petra Diamonds has expanded and reshaped its board. Kushal Kamir, a finance veteran with more than 30 years of global experience in corporate banking, investment management, and credit markets, has joined as a nonexecutive director. Lerato Molebatsi has been appointed senior independent nonexecutive director, while José Manuel Vargas will now chair the remuneration and nomination committees. All appointments take effect immediately.
At the same time, Alex Watson, board observer, and Bernard Pryor, senior non-executive director and chair of the nomination committee, have stepped down from their roles.
DiamondBuzz
Pandora Adds Carbon Footprint Labelling For LGDs
New Level Of Transparency Empowers Consumers To Compare Climate Impact Of Their Diamond Jewellery
For decades, diamonds have been graded by the traditional 4Cs: Cut, Colour, Clarity and Carat. Now Pandora is adding the 5th C, declaring the carbon footprint of every Pandora Lab-Grown Diamond as part of the product information on pandora.net alongside the traditional four grading criteria.
The carbon footprint covers all emissions from the diamond crafting process: from producing the raw materials used to grow the diamond all the way until it is cut and polished, ready to leave the diamond facility.
As an example, a one carat Pandora Lab-Grown Diamond has 12.58 kg of CO2e emissions. This is around 90% lower than a mined diamond of the same size.
By adding carbon footprint to the diamond conversation, Pandora gives customers an extra point of comparison and essential insight into the climate impact of their desired diamond jewellery.
CARBON FOOTPRINT COMPARABLE TO A PAIR OF JEANS
Lab-grown diamonds are chemically, optically, thermally and physically identical to mined diamonds.
Pandora stopped using mined diamonds in 2021 and is now only using lab-grown diamonds made with 100% renewable electricity and set in jewellery crafted from 100% recycled silver and gold.This significantly reduces the carbon footprint of the Pandora Lab-Grown Diamonds collection. For example, a 14k gold Pandora Infinite ring with a 1 carat lab-grown diamond has a comparable carbon footprint to a pair of jeans.
PANDORA TO SHARE FINDINGS
The carbon footprints of Pandora’s lab-grown diamonds have been calculated by external life-cycle assessment experts and published in a study verified by auditing firm EY. The study uses best practice methodology and is available on pandoragroup.com.
Adding a 5th C is a response to increasing consumer expectations to sustainability, and Pandora will share its methodology and findings with other jewellery makers to inspire greater transparency across the sector.
Pandora Lab-Grown Diamonds are currently available in the US, UK, Canada, Australia, New Zealand and Denmark with more countries to be added soon.
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