Guinea Authorizes Formation of Diamond and Gold Bourse

The Diamond and Gold Bourse of Guinea will be a joint venture with stakeholders from Canada

The government of the Republic of Guinea has approved the formation of the Diamond and Gold Bourse of Guinea (DGBG).

The creation of the bourse was ratified by President Alpha Condé on May 26.

The bourse is a joint effort of stakeholders from Guinea and Canada, including the investment company Royal Investment KSA, which is based Montreal, and diamond cutting house Embee Diamonds, which is based in Prince Albert, Saskatchewan. Embee Diamonds created the proprietary diamond cut called Sirius Star, and Royal Investment KSA has exclusive rights to sell the cut in the Gulf countries. 

I.E. Lakkis of Royal Investment KSA will be the CEO of the DGBG.

“With the funding through Royal Investment KSA, we will finally be able to give our brand what it deserves in terms of an international footprint and a deep selection of inventory in all sizes, colors, and clarities,” said Mike Botha, CEO of Embee Diamonds.

The DGBG will offer membership to audited members of the Responsible Jewellery Council and will apply for membership to the World Federation of Diamond Bourses.