Chris Ellis has been hired as an independent non-exec director with effect from today at DiamondCorp (LON:DCP), the firm said.
It comes after Nick Allen has announced his retirement as a non-exec director.
With Paul Loudon, diamond industry expert Allen was a founding director of DiamondCorp in March 2005.
Ellis has had an investment banking career spanning over 20 years in London and the US and in the last decade he was worked around all aspects of the diamond supply chain, representing and advising industry banks, cutters and polishers, jewellery manufacturers and retailers.
DiamondCorp 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."