Pat the beef stew meat dry with paper towels and season evenly with sea salt and black pepper.
Heat the extra virgin olive oil in a heavy-bottomed pot or Dutch oven over medium-high heat.
Add the beef to the pot and sear until deeply browned on all sides, then remove the beef and set it aside on a plate.
In the same pot, add the diced carrots, parsnips, and yellow onion, sautéing for 5 minutes until the onions are translucent.
Stir in the minced garlic, tomato paste, dried thyme, and dried rosemary, cooking for 1 minute until highly fragrant.
Pour in the beef bone broth and use a wooden spoon to scrape up any browned bits from the bottom of the pot.
Return the beef and any accumulated juices to the pot, bring the liquid to a gentle boil, then reduce the heat to low.
Cover the pot with a tight-fitting lid and simmer for 45 to 60 minutes, or until the beef is fork-tender and the vegetables are soft.