Diamond Trading Company
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Diamond Trading Company
The Diamond Trading Company (DTC) is the rough diamond sales and distribution arm of the De Beers Family of Companies. 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 operations in South Africa (DTCSA), Botswana (DTCB), Namibia (NDTC) and the United Kingdom (DTC). The DTC sells diamonds that are sourced primarily from De Beers' mining operations in South Africa and Canada, and through its partnerships with the governments of Botswana, Namibia and Tanzania. Sorters in London, Kimberley, Windhoek and Gaborone sort these diamonds into approximately 12,000 different categories based on size, shape, quality and colour. DTC clients are known as Sightholders, and the selection process is based on the outcome of the Supplier of Choice (SoC) Sightholder application and assessment process. DTC Sales in 2009 were $3.84bn. The DTC also develops and produces diamond technology, which ensures cons ...
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Varda Shine
Varda may refer to: People *Agnès Varda (1928–2019), French film director and professor *Jean Varda (1893–1971), Greek artist *Ratko Varda (born 1979), Bosnian basketball player *Rosalie Varda (born 1958), French costume designer, producer, writer and actress; daughter of Agnès Fiction *Varda (Middle-earth), one of the Valar (powers) in J. R. R. Tolkien's legendarium. Places * 174567 Varda, a possible dwarf planet named after Tolkien's Varda *Mount Varda, a mountain in the Golan Heights *Varda, Greece, a town in Elis, Greece *Várda, a village in Somogy, Hungary *Varda, Slovenia, a settlement *Varda, Kosjerić, a village in Serbia *Varda Viaduct, a railway viaduct in southern Turkey Other uses * Voice Activated Radio Dispatched Alarm, a type of alarm system See also *Vardan Vardan ( hy, Վարդան; Vartan in Western Armenian transliteration, pronounced in both Eastern and Western Armenian), Varden ( ka, ვარდენ) in Georgian, is an Armenian name of Mi ...
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Sightholder
A sightholder is a company on the De Beers Global Sightholder Sales's (DBGSS) list of authorized bulk purchasers of rough diamonds. De Beers Group made this list, the second largest miner of diamonds. DBGSS was previously known as DTC (Diamond Trading Company). In May 2006, DTC released a list of the 93 sightholders on its website. The DTC Sightholder list was further reduced to 79 companies worldwide in December 2007. The list of selected companies for the 2008-2011 contract period was published in April 2008. The DTC list of sightholders for 2021 is as follows; *A. Dalumi Diamonds *Almod Diamonds Ltd. *AMC NV *Ankit Gems Private Limited *Arjav Diamonds NV *Asian Star Company Limited *Chow Sang Sang Jewellery Company Limited *Chow Tai Fook Jewellery Co.Ltd. *Dali Diamond Co. *Dharmanandan Diamonds Pvt Ltd *Diacor International Ltd. *Dianco *Diarough NV *Dimexon International Holding BV *Finestar Jewellery & Diamonds Pvt. Ltd. * Hari Krishna Exports Pvt. Ltd. *Hasenfeld-Stein ...
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Diamonds (gemstone)
Diamond ''adámas'', meaning "unbreakable", "proper", or "unalterable" is one of the best-known and most sought-after gemstones. They have been used as decorative items since ancient times. The hardness of diamond and its high Dispersion (optics), dispersion of light — giving the diamond its characteristic "fire" — make it useful for industrial applications and desirable as jewelry. Diamonds are such a highly traded commodity that multiple organizations have been created for grading and certifying them based on the "four Cs", which are color, cut, clarity, and carat. Other characteristics, such as presence or lack of fluorescence, also affect the desirability and thus the value of a diamond used for jewelry. Diamonds are used in engagement rings. The practice is documented among European aristocracy as early as the 15th century, though ruby and sapphire were more desirable gemstones. The modern popularity of diamonds was largely created by De Beers, De Beers Consolidated Min ...
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Diamonds
Diamond is a solid form of the element carbon with its atoms arranged in a crystal structure called diamond cubic. Another solid form of carbon known as graphite is the chemically stable form of carbon at room temperature and pressure, but diamond is metastable and converts to it at a negligible rate under those conditions. Diamond has the highest hardness and thermal conductivity of any natural material, properties that are used in major industrial applications such as cutting and polishing tools. They are also the reason that diamond anvil cells can subject materials to pressures found deep in the Earth. Because the arrangement of atoms in diamond is extremely rigid, few types of impurity can contaminate it (two exceptions are boron and nitrogen). Small numbers of defects or impurities (about one per million of lattice atoms) color diamond blue (boron), yellow (nitrogen), brown (defects), green (radiation exposure), purple, pink, orange, or red. Diamond also has a very ...
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Kimberley Process Certification Scheme
The Kimberley Process Certification Scheme (KPCS) is the process established in 2003 to prevent "conflict diamonds" from entering the mainstream rough diamond market by United Nations General Assembly Resolution 55/56 following recommendations in the Fowler Report. The process was set up "to ensure that diamond purchases were not financing violence by rebel movements and their allies seeking to undermine legitimate governments." The effectiveness of the process has been brought into question by organizations such as Global Witness (pulled out of the scheme on 5 December 2011) and IMPACT (pulled out on 14 December 2017), claiming it has failed in its purpose and does not provide markets with assurance that the diamonds are not conflict diamonds. Organizations such as Human Rights Watch have also argued that the Kimberley Process is too narrow in scope and does not adequately serve to eliminate other human rights concerns from the diamond production chain. History The United Nati ...
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United Nations General Assembly
The United Nations General Assembly (UNGA or GA; french: link=no, Assemblée générale, AG) is one of the six principal organs of the United Nations (UN), serving as the main deliberative, policymaking, and representative organ of the UN. Currently in its 77th session, its powers, composition, functions, and procedures are set out in Chapter IV of the United Nations Charter. The UNGA is responsible for the UN budget, appointing the non-permanent members to the Security Council, appointing the UN secretary-general, receiving reports from other parts of the UN system, and making recommendations through resolutions. It also establishes numerous subsidiary organs to advance or assist in its broad mandate. The UNGA is the only UN organ wherein all member states have equal representation. The General Assembly meets under its president or the UN secretary-general in annual sessions at the General Assembly Building, within the UN headquarters in New York City. The main part of the ...
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Conflict Diamonds
''Blood Diamond'' is a 2006 American political war action thriller film directed and co-produced by Edward Zwick and starring Leonardo DiCaprio, Jennifer Connelly, and Djimon Hounsou. The title refers to blood diamonds, which are diamonds mined in war zones and sold to finance conflicts, and thereby profit warlords and diamond companies around the world. Set during the Sierra Leone Civil War of 1991–2002, the film depicts a country torn apart by the struggle between government loyalists and insurgent forces. It also portrays many of the atrocities of that war, including the rebels' amputation of civilians' hands to discourage them from voting in upcoming elections. The film's ending, in which a conference is held concerning blood diamonds, refers to a historic meeting that took place in Kimberley, South Africa, in 2000. It led to development of the Kimberley Process Certification Scheme, which sought to certify the origin of rough diamonds in order to curb the trade in conf ...
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Kimberley Process
The Kimberley Process Certification Scheme (KPCS) is the process established in 2003 to prevent "conflict diamonds" from entering the mainstream rough diamond market by United Nations General Assembly resolution, United Nations General Assembly Resolution 55/56 following recommendations in the Fowler Report. The process was set up "to ensure that diamond purchases were not financing violence by rebel movements and their allies seeking to undermine legitimate governments." The effectiveness of the process has been brought into question by organizations such as Global Witness (pulled out of the scheme on 5 December 2011) and Partnership Africa Canada, IMPACT (pulled out on 14 December 2017), claiming it has failed in its purpose and does not provide markets with assurance that the diamonds are not conflict diamonds. Organizations such as Human Rights Watch have also argued that the Kimberley Process is too narrow in scope and does not adequately serve to eliminate other human rights ...
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Gaborone
Gaborone ( , , ) is the capital and largest city of Botswana with a population of 246,325 based on the 2022 census, about 10% of the total population of Botswana. Its agglomeration is home to 421,907 inhabitants at the 2011 census. Gaborone is situated between Kgale Hill and Oodi Hill, near the confluence of the Notwane River and Segoditshane River in the south-eastern corner of Botswana, from the South African border. The city is served by the Sir Seretse Khama International Airport. It is an administrative district in its own right, but is the capital of the surrounding South-East District. Locals often refer to the city as ''GC or Motse-Mshate''. The city of Gaborone is named after Chief Gaborone of the Tlokwa tribe, who once controlled land nearby. Because it had no tribal affiliation and was close to fresh water, the city was planned to be the capital in the mid-1960s when the Bechuanaland Protectorate became an independent nation. The centre of the city is a lon ...
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Managing Director
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially an independent legal entity such as a company or nonprofit institution. CEOs find roles in a range of organizations, including public and private corporations, non-profit organizations and even some government organizations (notably state-owned enterprises). The CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the share price, market share, revenues or another element. In the non-profit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. CEOs are also frequently assigned the role of main manager of the organization and the highest-ranking offic ...
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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 in 2020 was 431,000 which is growing continually due to an influx from all over Namibia. Windhoek is the social, economic, political, and cultural centre of the country. Nearly every Namibian national enterprise, governmental body, educational and cultural institution is headquartered there. The city developed at the site of a permanent hot spring known to the indigenous pastoral communities. It developed rapidly after Jonker Afrikaner, Captain of the Orlam, settled there in 1840 and built a stone church for his community. In the decades following, multiple wars and armed hostilities resulted in the neglect and destruction of the new settlement. Windhoek was founded a second time in 1890 by Imperial German Army Major Curt von François, whe ...
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Kimberley, Northern Cape
Kimberley is the capital and largest city of the Northern Cape province of South Africa. It is located approximately 110 km east of the confluence of the Vaal and Orange Rivers. The city has considerable historical significance due to its diamond mining past and the siege during the Second Anglo-Boer war. British businessmen Cecil Rhodes and Barney Barnato made their fortunes in Kimberley, and Rhodes established the De Beers diamond company in the early days of the mining town. On 2 September 1882, Kimberley was the first city in the Southern Hemisphere and the second in the world after Philadelphia, Pennsylvania in the United States to integrate electric street lights into its infrastructure. The first stock exchange in Africa was built in Kimberley, as early as 1881. History Discovery of diamonds In 1866, Erasmus Jacobs found a small brilliant pebble on the banks of the Orange River, on the farm ''De Kalk'' leased from local Griquas, near Hopetown, which was h ...
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