Unveiling the Role of De Beers Sight Holders in the Diamond Industry
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Education Blog Unveiling the Role of De Beers Sight Holders in the Diamond Industry SHOP NOWJan, 16, 2024 by Carat X 0 Comments
In the intricate and often secret world of diamonds, De Beers Sight Holders play a pivotal role in shaping the diamond market. A De Beers Sight Holder is a select group of diamond dealers who have earned the privilege of purchasing rough diamonds directly from De Beers, one of the world's leading diamond mining companies. This exclusive arrangement grants them access to a regular allocation, or "sight," of rough diamonds at predetermined events.
Sight Holders undergo a rigorous selection process based on their expertise, ethical practices, and commitment to sustainability. Once chosen, they participate in sights to hand-select rough diamonds, which they then cut, polish, and bring to market. This direct interaction with the supply chain empowers Sight Holders to maintain high-quality standards and contribute to the industry's integrity.
Being a De Beers Sight Holder is a mark of prestige and responsibility, representing a commitment to excellence in the diamond trade. As key players in the journey from mine to market, they contribute significantly to the global diamond industry's sustainability and transparency.
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