Fura Emeralds Inc. announced the appointment of Devidas Shetty as the President and Chief Executive Officer of the company and as a member of the company's board of directors, effective immediately. The appointment of Mr. Shetty follows the resignation of Mr. Jaime Lalinde as President & Chief Executive Officer of Fura. The company also announced that Mr. Lalinde will remain a member of the company's board of directors.

In his role as President and CEO, Mr. Shetty will be responsible for identifying diamond and colour gemstone opportunities and formulating and implementing the long-term strategy for the company. Mr. Shetty will initially set-up a base in Dubai which will be a strategic location for Fura and will also operate from London and Toronto. Prior to joining Fura, Mr. Shetty was the Group Chief Operating Officer and Executive Director of Gemfields plc ('Gemfields').