Diamond Trading Company Botswana (DTC Botswana) is a 50/50 Joint Venture partnership between the Government of the Republic of Botswana and De Beers Group.
It is the world’s largest and most sophisticated rough diamond sorting and valuing operation. DTC Botswana sorts and values Debswana Diamond Company’s rough diamond production.
Debswana Diamond Company (Pty) Ltd is a partnership between the Government of the Republic of Botswana and De Beers Group, whose main purpose is to mine and recover diamonds optimally and responsibly.
Debswana operates Orapa, Letlhakane, Jwaneng and Damtshaa mines in Botswana. The four mines have contributed enormously to the economic growth of Botswana, not only in terms of direct foreign exchange and government revenues generated by diamond sales, but also through the multiplier effect on taxes, employment and infrastructure in remote areas.
The country’s impressive economic record has been built on a foundation of diamond mining, prudent fiscal policies, international financial and technical assistance, and a cautious foreign policy.
Downstream Diamond Industry
Currently, DTC Botswana sells and markets rough diamonds to 21 cutting and polishing companies that have been licensed by the Government of Botswana to carry out cutting and polishing activities locally. DTC Botswana aims to facilitate, drive and support the creation of a vibrant, sustainable and profitable downstream diamond industry in Botswana that will deliver additional value for Botswana’s diamonds.
With further development of the Botswana downstream diamond industry, it is estimated that there will be a good number of jobs created for Batswana in the coming years. This shows a rapid expansion of the local downstream diamond industry. The downstream activities will add value to the local diamond industry through cutting & polishing of diamonds and ultimately manufacturing of jewellery which will develop core competencies for adding higher value.
The establishment of DTC Botswana also acts as a potential catalyst for the development of new ancillary business sectors such as banking; security; information technology; and tourism; and for other international businesses to invest in Botswana. The ancillary activities will also stimulate the economic activities with further creation of jobs, increased consumer spending power, additional revenues for the country and the transfer of technology and skills.
Sales and Sightholders
On 14 November 2007, DTC Botswana announced its initial list of Sightholders, formalising supply arrangements for 16 Botswana-based diamond manufacturing operations. A robust and objective evaluation process resulted in all 16 license holders meeting the criteria for supply and becoming DTC Botswana Sightholders. The evaluation criteria sought to promote both local value add, in terms of skills development, job creation and local manufacturing, as well as global competitiveness.
The process for determining supply levels was overseen by a governance panel comprising of both the Government of Botswana and De Beers Group representatives to ensure that it was carried out impartially.
The criteria used to determine individual supply levels included global competitiveness criteria, which assesses technical; marketing and distribution efficiency; as well as local criteria, which sought to promote skills development; job creation; and local manufacturing.
In addition, all applicants had to satisfy certain gating criteria such as compliance with the Diamond Trading Company’s Best Practice Principles. The objective assessments led to priority of supply for those clients that scored best in the application process for each category of diamonds available.
The new 3-year Sightholder contracts were signed on 31 March 2012. These contracts increased the number of DTCB Sightholders from 16 to 21 supported by increased DTCB supply:
The 21 successful applicants represent a solid foundation and the promise of an exciting future for Botswana’s diamond manufacturing industry.
Below is a list of DTC Botswana Sightholders:
Dalumi Botswana (Proprietary) Limited
Zebra Diamonds (Proprietary) Limited
Yerushalmi Bros Botswana (Proprietary) Limited
Teemane Manufacturing Company (Proprietary) Limited
Suashish Diamonds Botswana (Proprietary) Limited
Steinmetz Diamonds Botswana (Proprietary) Limited
Safdico Botswana (Proprietary) Limited
Laurelton Diamonds Botswana (Proprietary) Limited
Pluczenik Botswana (Proprietary) Limited
MotiGanz Botswana (Proprietary) Limited
Lazare Kaplan Botswana (Proprietary) Limited
Leo Schachter Botswana (Proprietary) Limited
Hearts & Arrows Cutting Works Botswana (Proprietary) Limited
Eurostar Botswana (Proprietary) Limited
Dia Holdings (Proprietary) Limited
Taché Company nv (Botswana)
Julius Klein Diamonds Botswana (Pty) Ltd
Life Diamonds Botswana
Blue Star Manufacturing Botswana
- Chow Tai Fook Cutting Works (Botswana)
DTC Botswana Values
We will be exhilarated by the product we sell, the challenges we face and the opportunities we create.
Being united in purpose and action. We will turn the diversity of our people, skills and experience into an unparalleled source of strength.
We will always listen first then act with openness, honesty and integrity so that our relationships flourish.
Show We Care
The people whose lives we touch, their communities, nations and the environment we share, all matter deeply to us. We will always think through the consequences of what we do so that our contribution to the world is real, lasting and makes us proud.
Shape the Future
We will find new ways. We will set demanding targets and take both tough decisions and considered risks to achieve them. We will insist on executional excellence and reward those who deliver.