DTC Botswana is a 50/50 Joint Venture partnership between the Government of Botswana and the De Beers Group.
A carat is the weight of a diamond. 1 carat = 0.2 grams
A sightholder is a company on the De Beers Global Sightholder Sales ‘s (DBGSS) list of authorized bulk purchasers of rough diamonds. Sightholders benefit from a term contract covering the sale of diamonds over an agreed period.
Botswana is one of the members of the Kimberley Process. Every time diamonds (rough, polished or in Jewellery) change hands the seller must affirm on the invoice that the diamonds have been purchased through official channels and therefore not involved in conflict funding. All members of the trade who provide such assurances have promised to keep records of their diamonds’ clean roots (and therefore their clean path to the market). Those records will be monitored by companies’ individual auditors as part of their regular duties.
DTCB has approximately 450 employees.
The DTC Botswana Diamond Academy started operation in February 2006. The purpose of the Academy is primarily to raise the level of diamond expertise needed to meet global requirements, while igniting the passion that is the diamond business.
The DTCB Academy is accredited by the Botswana Qualifications Authority (BQA) and plays a critical role in capacity building in areas of diamond valuation, developing technical sorting skills, enhancing production capabilities as well as assisting in quality assurance. The Diamond Academy is also ISO 9001: 2008, accredited by the Botswana Bureau of Standards.
DTC Botswana is the largest rough diamond sorting and valuing facility in the world.
DTC Botswana was established in May 2006 and officially opened on March 18th, 2008.
No. DTC Botswana has played an instrumental and leading role in promoting and enhancing the Kimberley Process Certification Scheme and the industry’s self-regulating System of Warranties.