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DIAMOND DAY 20-04-10

Date: Tuesday 20th April 2010

The market for rough diamonds recovered significantly in the second half of 2009, and is expected to benefit this year as customers replenish inventories. In a sign of the improved confidence, Debswana Diamond Co (the joint venture between De Beers and the government of Botswana) is increasing diamond production by 17%.

Rough diamond prices rose in the second half after producers slashed production earlier in the year and gem dealers rebuilt stockpiles for Christmas. De Beers, the world's largest producer, cut output 73% in the first half of 2009.

China recently surpassed Japan to become the world's second largest diamond consumer. The country's polished-diamond imports rose 31% last year to reach US$699 million.

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David Hargreaves - Context Speaker

David Hargreaves

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Agenda

Diamond Day 20 April 2010

09:00 - Registration

09:45 - Context Speaker, David Hargreaves 

10:10 - Firestone Diamonds, Tim Wilkes, COO

10:35 - Diamond Corp, Paul Loudon, Manging Director

11:00 - Coffee Break

11:30 - Context Speaker, Charles Wyndham, Polished Prices

12:00 - Stellar Diamonds, Karl Smithson, CEO

12:25 - Petra Diamonds, Johan Dippenaar, CEO

13:00 - Networking Lunch


Presenting Companies

Petra Diamonds

Petra Diamonds is a leading independent diamond mining group and an increasingly important supplier of rough diamonds to the international market.

Polished Prices

PolishedPrices was founded in 2001 as a fully independent diamond information platform. Transaction prices are provided by wholesalers in the main diamond centres. The company's mission has remained the same since its inception; to provide transparency, inform, and amuse.

DiamondCorp

DiamondCorp is an AIM and JSE listed emerging diamond producer focused on the 74 per cent owned Lace project 200 kms southwest of Johannesburg. Buoyed by the recovery in rough diamond prices the company has successfully raised approximately £7.1 million through a placing.

Stellar Diamonds

Stellar Diamonds plc is a newly listed diamond production and development company that was formed from the merger of Stellar Diamonds Limited and West African Diamonds plc.

Firestone Diamonds

Firestone Diamonds plc is an international diamond mining and exploration company with operations in Botswana and South Africa, which are the world's largest and fourth largest producers of diamonds, respectively, and the lowest cost producers among major diamond producing countries.

Speakers

Charles Wyndham, Chairman, Polished Prices

CharlesWCharles has been in the diamond industry for over 30 years. He was a director of the CSO, De Beers' selling arm, before deciding to leave De Beers to set up his own diamond businesses in 1995.

He is co-founder of WWW International Diamond Consultants Ltd and is engaged in related businesses, mainly with others whose skills are based on the company's expertise in technology, the gathering of detailed market information and a wide range of contacts.

The key of his success is the true independent nature of his business and the contacts with which he is involved. Charles is a director of Diamonds International Canada (DICAN) Ltd. who are the diamond valuator and advisor for all diamond matters to the Federal Government of Canada.  DICAN is a joint venture between the Aboriginal Diamond Group (ADG) and WWW.

Charles holds an MA in Jurisprudence from Oxford University.

Karl Smithson, CEO, Stellar Diamonds Ltd

Karl SKarl Smithson was appointed as Stellar's Chief Executive Officer with effect from 1 January 2007, having been Chief Operating Officer for diamonds for African Aura for three years. He is a geology graduate of Kingston University and in 2006 completed his MBA at the Graduate School of Business in Cape Town, South Africa and was awarded with the Old Mutual Gold Medal.

Karl has 22 years of diamond experience gained with a number of companies in senior management positions, including De Beers (10 years), SouthernEra Diamonds (2 years) and African Aura/Stellar (9 years), and Karl also ran his own diamond exploration consultancy for three years. Karl's working career has been focussed on diamond exploration in Africa and he has been responsible for a number of new diamond discoveries in Botswana, Zimbabwe, Sierra Leone and Liberia

DAVID HARGREAVES

David Hargraves is a trained mining engineer and geologist with wide commercial and industrial experience. After three years as Head of Mining Research for stockbrokers James Capel he formed his own research and broking consultancy which was later sold to Shearson American Express Ltd.

His involvement in the gemstones industry extends over 25 years, coving both coloured stones and diamonds.  This has encompassed mine ownership and operations, marketing and research. 

He is presently the gemstone consultant to Hoodless Brennan Limited, London and has recently produced an in-depth study of the changes affecting the international market.

David is a Chartered Engineer, a Fellow of the Geological Society, Member of the Royal Institution and the Gemological Association of Great Britain.

Tim Wilkes, Cheif Operating Officer, Firestone Diamonds

Tim WTim Wilkes is a graduate in geology from Kingston University, England and has over 28 years experience on kimberlite and alluvial diamond exploration, evaluation and mining projects worldwide.  He spent 18 years with De Beers, where he was the Competent Person and General Manager - Mineral Resource Management, with responsibility for the management of De Beer’s mineral resource portfolio worldwide.  He has been Chief Operating Officer of Firestone Diamonds since 2005.  He is a member of the sub-committee for diamonds of the South African Mineral Resource Committee (SAMREC).

Paul Loudon, Managing Director, Diamond Corp

diamondcorpMr Loudon has more than 20 years experience in stockbroking, corporate finance and management of junior mining and exploration companies.  He commenced his career as a mining journalist for the Australian Financial Review entering stockbroking as the mining analyst for Intersuisse Limited in Sydney.  He was a partner in mining corporate advisory firm JSL Pacific Ltd before joining Indomin Resources Limited or Toronto as vice-president corporate development.  He was a President of Battlefield Minerals Corporation of Toronto and a Non-Executive Chairman of BDI Mining Corp, before joining Loeb Aron & Company Ltd, a London corporate finance house specialising in the mining sector,  as head of equities where he was responsible for raising significant sums of equity capital for resource companies listed in the UK, Canada and Australia.  Mr Loudon, remains a Non-Executive Director of Loeb Aron & Company and an associate of the Securities Institute.

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