The Diamond Trading Company (DTC) is the rough diamond sales and distribution arm of the

De Beers The De Beers Group is a South African–British corporation that specializes in the diamond industry, including mining, exploitation, retail, inscription, grading, trading and industrial diamond manufacturing. The company is active in open-pi ...

Group. The DTC sorts, values and sells about 35% of the world’s rough diamonds by value. The DTC has a combination of wholly owned and

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acce ...

operations in South Africa (DBSSSA),

Botswana Botswana, officially the Republic of Botswana, is a landlocked country in Southern Africa. Botswana is topographically flat, with approximately 70 percent of its territory part of the Kalahari Desert. It is bordered by South Africa to the sou ...

(DTCB and DBGSS), and

Namibia Namibia, officially the Republic of Namibia, is a country on the west coast of Southern Africa. Its borders include the Atlantic Ocean to the west, Angola and Zambia to the north, Botswana to the east and South Africa to the south; in the no ...

( NDTC).

Overview

The DTC sells diamonds that are sourced from De Beers' mining operations in South Africa and Canada, and through its partnerships with the governments of Botswana and Namibia. Sorters in

Johannesburg Johannesburg ( , , ; Zulu language, Zulu and Xhosa language, Xhosa: eGoli ) (colloquially known as Jozi, Joburg, Jo'burg or "The City of Gold") is the most populous city in South Africa. With 5,538,596 people in the City of Johannesburg alon ...

Windhoek Windhoek (; ; ) is the capital and largest city of Namibia. It is located in central Namibia in the Khomas Highland plateau area, at around above sea level, almost exactly at the country's geographical centre. The population of Windhoek, which ...

and

Gaborone Gaborone ( , , ) is the Capital city, capital and List of cities in Botswana, largest city of Botswana, with a population of 246,325 based on the 2022 census, about 10% of the total population of Botswana. Its metropolitan area is home to 534, ...

sort these diamonds into approximately 12,000 different categories based on size, shape, quality and colour. DTC clients are known as Sightholders. The DTC also develops and produces diamond technology, which ensures consistency of DTC rough diamond assortments for its Sightholder clients. The DTC’s Sightholders are required to comply with the De Beers’s Best Practice Principles (BPP)s which set out various objective standards of conduct within three main areas – Business responsibilities; Social responsibilities; Environmental responsibilities. The BPPs ensure that the De Beers Group, DTC Sightholders and applicable third parties are operating to the specific ethical, legal, professional, social and environmental standards. The DTC also requires its clients to be 100% committed to the Kimberley Process. The Kimberley Process started when Southern African diamond-producing countries met in Kimberley, South Africa, in May 2000, to discuss ways to stop the trade of ‘ conflict diamonds’ and ensure that diamond purchases were not funding violence or terrorism activities. In December 2000, the

United Nations General Assembly The United Nations General Assembly (UNGA or GA; , AGNU or AG) is one of the six principal organs of the United Nations (UN), serving as its main deliberative, policymaking, and representative organ. Currently in its Seventy-ninth session of th ...

adopted a landmark resolution supporting the creation of an international certification scheme for rough diamonds. By November 2002, negotiations between governments, the international diamond industry and civil society organisations resulted in the creation of the Kimberley Process Certification Scheme (KPCS). The KPCS sets out the requirements for controlling rough diamond production and trade. The KPCS became effective in 2003.

References

External links

World Diamond CouncilMoissanite Diamond JewelryDe Beers Group – De Beers ReportsDiamondfloor - Diamond Trading Company
{{Anglo American plc Diamond dealers De Beers

Overview

See also

References

External links