Paragon Diamonds holds a number of hard rock and alluvial assets within Sub-Saharan Africa. The current focus of the company is to develop its major kimberlite licences in Lesotho.
The company was incorporated in 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 with diamond explorations licences in Lesotho, Botswana and Zambia. In addition to its kimberlite project in Lesotho the group was subsequently awarded a further exploration licence in close proximity to its existing operations.