Saturday, October 26, 2024

Innovative Diamond Funding Model Unveiled for Southern African Miners

In a groundbreaking move, Bonas Group and the DelGatto Diamond Finance Fund have introduced an innovative funding model aimed at supporting junior and mid-sized miners in Southern Africa and beyond. Building on the success of previous tripartite funding projects within the natural diamond and colored gemstone sectors, this new initiative promises to revolutionize financing for players in the industry.

Under this novel funding structure, run-of-mine (ROM) diamond productions delivered to DelGatto’s Johannesburg office or Bonas in Dubai will be evaluated by Bonas Group, utilizing its proprietary price book. The Bonas Group will then assort these ROM productions, creating desirable lots for sale. Immediate funding from DelGatto will be extended based on this valuation, with the understanding that the rough diamonds will be sold through Bonas Group tenders in either Antwerp or Dubai.

For ROM colored gemstone productions, miners can submit their deliveries to DelGatto’s or Bonas’ office in Dubai. Similar to the diamond process, Bonas Group will analyze and sort these gemstones. Viewings for colored gemstone tenders by Bonas Group will take place in Bangkok.

It’s important to note that a minimum total value is required to make a tender financially viable. Consequently, there may be a time gap for small ROM productions to accumulate sufficient value, ensuring the tender is worthwhile for all parties involved.

Charles Bonas, expressing his enthusiasm for the project, stated, “This is the first time in our industry that small to mid-sized miners will have the ability to receive financing with a built-in sale structure and schedule. We are excited to bring this innovative solution to players at the top of the supply chain.”

Chris DelGatto echoed the sentiment, saying, “We are thrilled to be working with a best-in-class company like Bonas Group. Their history, reputation, and knowledge in dealing with rough diamonds and gemstones are second to none. This is a big step for DelGatto as we continue to seek out-of-the-box ways to fund an industry that is basically excluded from the traditional credit markets.”

Alice
Alice
Alice is a seasoned jewelry designer renowned for her exquisite creations that seamlessly blend artistry with elegance. With a passion for craftsmanship and an unwavering commitment to quality, Alice has established herself as a distinguished figure in the world of fine jewelry. Drawing inspiration from diverse cultures and artistic movements, Alice brings a unique perspective to her designs, creating pieces that transcend mere accessories to become timeless works of art. Her meticulous attention to detail and insistence on using only the finest materials ensure that each creation reflects not only her artistic vision but also a commitment to unparalleled craftsmanship. Having honed her skills through years of dedicated practice and a keen understanding of evolving trends, Alice is adept at translating her clients' desires into bespoke, one-of-a-kind pieces. Her portfolio encompasses a range of styles, from classic and timeless to avant-garde and contemporary, showcasing her versatility and ability to cater to a diverse clientele.

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