Five new sightholders have been named by De Beers Group of Companies for the remainder of the 2012 to 2015 Supplier of Choice (SoC) contract period.
“Each of our new sightholders has demonstrated consistently strong requirements for De Beers rough diamonds via their auction purchases and we look forward to working with each of them more closely,” said Paul Rowley, executive vice-president for global sightholder sales.
“Our aim is to get the right diamonds into the right hands at the right time and our dynamic distribution system gives us the ideal vehicle to do this.”
Announced in 2011, De Beers’ modified SoC re-planning process enables non-sightholder businesses that have demonstrated sufficient demand through De Beers’ auction sales in 2013 to qualify for sightholder status and term contract supply (subject to availability).
The company says sightholder status in the current contract period is subject to De Beers’ forecast rough diamond availability and eligible applicants’ submission of a Contract Proposal Questionnaire (CPQ) as part of the 2014 Intention to Offer (ITO) re-planning process.
As per its custom, De Beers did not yet release the names of the new sightholders.
A new De Beers sightholder contract will start on March 31, 2015.
