GJ Town India

De Beers Group supports enhanced transparency with “Diamonds from DTC” Launches www.dtc.com   to provide more information about source of origin De Beers Group announced that it is to support the diamond trade in providing enhanced transparency regarding diamonds purchased from its Sight sales by introducing a “diamonds from DTC” source of origin claim-( In Canada, the term “diamonds from Diamond Trading Company” will be licensed for use instead of “diamonds from DTC”.) The claim will serve as a factual statement about provenance that Sightholders and Accredited Buyers can use for diamonds purchased from Sights. For diamonds purchased from the third Sight of 2019 onwards, subject to entering into a licence agreement, Sightholders and Accredited Buyers will be able to apply the claim to their Sight-sourced diamonds and pass it on to their customers along the value chain. In turn, subject to meeting certain criteria, trade participants will be able to use the

De Beers to swell output by 25 percent this year In the response to the straight question sited by the JNI, Varda Shine, CEO & MD- DTC, said to swell output by 25% in the year 2010. Varda spell a growth this year, ‘Demand would be at the rate of GDP or slightly higher than the GDP growth.’ ‘De Beers would make decision on 25% more mining than the last year.’ ‘Last year in 2009 production of rough was 24.6 mn cts and this year about 30mn cts are projected.’ The global rough sales of DTC that chop down at US $ 3.24bn in the year 2009 which had been registered worth of US $ 5.86bn in the year 2008. In the Q1 of year 2010 DTC sales hiked up, “For the first three months of 2010, our sales were three times the size of 2009... That is quite a big jump and indication of the change in the market.” The DTC sight estimated worth of about US $ 1500mn for the Q1, year 2010 where as in the year 2009, Q1 total estimated of US $ 536mn. In this line Varda said, ‘finding a