Diamond Trading Company managing director Gareth Penny has announced a new executive team:

Des Cavanagh, former managing director of Diamdel, is now the DTC’s purchasing director.

Israeli-born Varda Shine is the new sales director. She first came to the DTC in 1997 after 14 years at De Beers subsidiary Diamdel Israel.

Stephen Lussier is Penny’s deputy and marketing director. He joined De Beers in 1985 after working on the De Beers account at N.W. Ayer in New York.