Diamondcorp appoints Chris Ellis to its Board as Independent Non-Executive Director

– UK, London – DiamondCorp, the Southern African diamond development and exploration company, announces that Nick Allen has chosen to retire as a Non-Executive Director and is pleased to announce the appointment of Christopher (Chris) Ellis as an independent Non-Executive Director with effect from 1st February 2016.

Together with Paul Loudon, Nick Allen was a founding director of DiamondCorp in March 2005. His long association with the diamond industry and in particular, his knowledge of the downstream areas of the market have been invaluable in helping the Company develop its sale conduits.

Chris Ellis has had an investment banking career spanning over 20 years in London and the United States. For the last 9 years his principal activities have revolved around all financial aspects of the diamond supply chain, representing and advising industry banks, cutters & polishers, jewellery manufacturers and retailers.

He is presently a Director of DFin Ltd, and was previously a principal of Consensus Advisors in London and the United States.

Chris will join the Audit and Remuneration Committees and stand for election by shareholders at this year’s Annual General Meeting.

Commenting on the announcement, DiamondCorp’s Chairman, Euan Worthington said “I am very sad that Nick is retiring from the Board and we thank him for his wise counsel and valuable support over the past decade. We are pleased that Chris Ellis has accepted our invitation to join the Board of DiamondCorp. His knowledge of the downstream diamond industry and associated bankers will help replace the skills we have lost with Nick’s retirement.”

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