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Press Release: De Beers today published an updated sightholder directory to include the five new sightholder businesses that will receive supply via an intention to offer (ITO) for the remainder of the 2012 to 2015 supplier of choice contract period. The new De Beers sightholders are: D. Navinchandra Gems BVBA, Diambel NV, M/S. Vallabhbhai Dhanjibhai & Co., Yaelstar BVBA, and Star Rays.
The five new qualifying sightholders demonstrated strong demand at De Beers auctions. De Beers is pleased to congratulate and welcome its newest sightholders.
Neil Ventura, the executive vice president of auction sales, said, “We are delighted that five of De Beers’ auction customers have qualified for sightholder contracts as a result of the demand they demonstrated for products sold at our auctions. The combination of spot sales and recently launched forward contract sales provides our customers with both industry-leading short and medium-term purchase flexibility and a real opportunity to achieve sightholder status.”
Nigel Simson, the senior vice president of global sightholder sales, said, “We very much look forward to welcoming these businesses into the sightholder community for the remaining ITO of this contract period. They have fully earned their place among the world’s leading diamantaires and we are excited to build deeper relationships with each of them.”
Each applicant for a supplier of choice contract under the 2014 ITO re-planning process has been subjected to the same rigorous and objective selection process as those applicants that applied for supply at the start of the 2012 to 2015 contract period that began in 2011. Additionally, all applicants are required to adhere to the De Beers Best Practice Principles, ensuring that sightholders are “living up to
diamonds” by adopting strict ethical standards in their business practices. Further details can be found in the sightholder directory:
https://www.dtcsightholder.com/en/Sightholder-directory11/ About The De Beers Group of Companies
De Beers is a member of the Anglo American group. Established in 1888, De Beers is the world’s leading diamond company with unrivaled expertise in the exploration, mining and marketing of diamonds. Together with its joint venture partners, De Beers employs more than 20,000 people (directly and as contractors) across the diamond pipeline, and is the world’s largest diamond producer by value, with mining operations in Botswana, Canada, Namibia and South Africa. As part of the company’s operating philosophy, the people of De Beers are committed to Living up to Diamonds by making a lasting contribution to the communities in which they live and work, and transforming natural resources into shared national wealth. For further information about De Beers visit www.dtcsightholder.com
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