Stuller Confirms it is One of 11 New Sightholders

U.S. jewelry manufacturer Stuller, Inc has confirmed it is one of 11 new Sightholders announced by the Diamond Trading Company (DTC) for the 2005-2008 Supplier of Choice contract period.

“We are very pleased to be named a DTC Sightholder, moving us to the prime source,” said Matthew Stuller, Chairman and Chief Executive Officer. “This appointment validates our continuing commitment to providing diamonds to our retail base in the most efficient and cost effective manner.”

Receiving diamonds directly from the DTC, will enable Stuller to provide a wide variety of diamonds from the mine to retailers, says the company. Stuller currently cuts and polishes rough diamonds at manufacturing plants in Israel, China, and its flagship operation in Lafayette, Louisiana.  

“Being selected as a Sightholder by the Diamond Trading Company is a powerful tool for bringing value to the entire supply chain,” Stuller said. “This is another step in our continuing efforts to become the first choice for diamonds to the North American jeweler.”

In addition to Stuller, four of the 11 new Sightholders are Indian companies: Bhansali, Kiran Exports, Mine Stone, and Tara Jewels. Bhansali was a Sightholder in the past.

In Belgium Exelco reportedly received a Sight, while in Hong Kong two companies joined the ranks - Chow Sang Sang and Wing Hang. There are several new Sightholders from South Africa but no new Israel-based Sightholders.