About Us
History
Paragon Diamonds was incorporated on 27 April 2010 under Guernsey law and subsequently listed on AIM in November 2010 with the ticker PRG. In May 2011 it completed the acquisition of International Diamond Consultants, a privately owned group of companies which held a prospecting licence over the Lemphane Kimberlite project in Lesotho. The subsequent exploration programme resulted in the award of a mining lease for the Lemphane Kimberlite in March 2014. In May 2015 the Company signed an MOU to acquire the neighbouring Mothae kimberlite project, which has an established Resource to NI 43-101 standards.
Strategy
“By securing large high value diamonds at source and combining a streamlined business model, which allows for ownership of the distribution and sale of diamonds downstream, Paragon Diamonds’ strategy clearly differentiates it from other one dimensional diamond mining companies currently listed on the London markets.”

Paragon’s strategy is focussed on building a leading vertically integrated diamond production and investment company in Europe, the Far East and Africa. As well as being a producer of large diamonds in Africa, it will have stakes in mid and downstream activities such as cutting, polishing and retailing so as to capitalise on the increasing demand for high quality diamonds and to capture the maximum uplift through the value chain for investors.

The Board will look to achieve its strategy through the use of vehicles such as JVs, SPVs and offtake agreements with suitable partners. In addition to integrating vertically, there also exist a number of potentially lucrative lateral opportunities, which the Company is actively exploring, such as the establishment of diamond investment vehicles for investors specifically looking for exposure to hard assets.
Future Plans
The group is currently focussed on rapidly developing its Lemphane kimberlite and completing the acquisition of the neighbouring Mothae Resource in Lesotho, a major diamond producing region. It is the intention to commence mining activities at both assets as soon as is practicable.