DTC Sightholders List: Who's On and What Now?December 20, 07
Now that the initial dust has settled, and 75 applicants have passed the selection hurdle, there are a couple of major challenges facing the newly-named Sightholders, especially in the coming three months.
Before listing who is on the new list (and by default, who is not) it should be pointed out that the selected Sightholders can be grouped into three separate categories: those who will get a Sight in London, those who will get one in South Africa, and those who are on the list for Canada.
The last two, not unlike the
All Sightholders Are On a Temporary Status
Those who were
Those on the new list will go through a verification process in the next three months. This is true for old and new Sightholders alike.
As for the first group, they received their ITOs (Intention To Offer, a breakdown of their supplies) for the next three months during the last Sight earlier this month. Disappointment was widespread and vocal. The ITO offered fewer goods in the January-March quarter, affecting supplies for Valentine’s Day and Mother’s Day (on February 14 and May 11). This means that those who had planned to replenish stocks, companies that were gearing up to start the new year with vigor and manufacturers that intended to supply big clients, have all been forced to downgrade their plans or seek rough diamonds from alternative sources.
Regarding the new list, the 2008-2011 contract period will begin only in April, after a verification process that will help the
While some say the check is nothing more than
The combination of low supplies and firms that continue to feel uneasy about their future is resulting in a shaky business environment. Although the
One last note: Sightholders will no longer be allowed to use the
The following is an unofficial list of Sightholders for the 2008-2011 contract period. Please note that some firms chose to not report their status, others were unavailable and some firms are rumored to be off (or on) the list while in fact their status is contrary to what is rumored. We can only say that just as in love and war, in business all is fair.
A. Dalumi Diamonds ltd.
Almod Diamonds ltd.
Arjav Diamonds NV
Asian Star Co. Ltd.
C. Mahendra Exports Limited
Chow Sang Sang Jewellery Co. Ltd.
Chow Tai Fook Jewellery Co., Ltd.
Dali Diamond Company NV
DD Manufacturing NV
De Toledo Diamonds Ltd.
Diacor International Ltd.
Diamonds For Dignity
Digico Holdings Ltd.
Dilipkumar V. Lakhi
Dimexon International Holding B.V.
Eurostar Diamonds International SA
Festdiam Cutting Works (PTY.) Ltd.
Fruchter Gad Diamonds Ltd.
J. B. Diamonds
Jewelex India PVT. Ltd.
Julius Klein Diamonds LLC
K. Girdharlal International PVT. Ltd.
K.P. Sanghvi & Sons
KARP Impex Ltd.
Kristall Production Corporation OAO
Laxmi Diamond PVT. Ltd.
Lazare Kaplan International INC.
Leo Schachter & Company Ltd.
Louis Glick Diamond Corporation
M. Suresh Company PVT. Ltd.
Mahendra Brothers Exports Private Limited
Michael Werdiger, INC.
Mohit Diamonds PVT. Ltd.
Overseas Diamonds NV
Pluczenik Diamond Company NV
Premier Gem (Group)
Rand Precision Cut Diamonds (PTY.) Ltd.
Ratilal Becharlal & Sons
Rosy Blue (India) PVT. Ltd.
Rosy Blue NV
Salant Group Ltd.
Sanghavi Exports International PVT. Ltd.
Schachter & Namdar (PTY.) Ltd.
Sheetal Manufacturing Co.
Shrenuj & Company Ltd.
Suashish Diamonds Ltd.
SunDiamond bvba/ HRA Investments Ltd
Taché Company NV
Tara Jewels Exports PVT. Ltd.
Tasaki Shinju Co., Ltd.
Trau Bros NV
Yahalomei Espeka International Ltd.
Yerushalmi Brothers Diamond Ltd.
Arslanian Cutting Works
The following companies have confirmed on the record that they have lost their Sight:
A. Schwartz & Sons Diamonds ltd.
H&A Cutting Works
Rand Precision Cut Diamonds
Teemane Manufacturing Company
Yerushalmi Brothers Diamonds
Zebra Diamonds (
Almod Diamonds Ltd
Finesse Diamond Corporation
Hardstone Processing (Pty) Ltd
Laurelton-Reign Diamonds (Pty) Ltd
NU Diamond Manufacturing (Pty) Ltd
Trau Bros Diamonds