DTC Might Increase Allocation Via Diamdel

At a meeting between the heads of the DTC and the World Federation of Diamond Bourses (WFDB), DTC agreed to consider increasing rough diamond allocation through Diamdel.

Diamdel is a rough diamond dealer, a Sightholder and a subsidiary of De Beers. During the last meeting of the WFDB in Sun City, DTC’s Gareth Penny promised to allocate $500 million worth of rough to the market through Diamdel, on top of the allocation Sightholders already receive.

One of the biggest concerns is how the Supplier of Choice policy will effect medium and small manufacturers. If DTC indeed increases its allocation beyond the promised $500 million, it will help these manufacturers through the hard times they are currently facing.

It should be made clear that contrary to the belief of many, the $500 million allocation is not per center, but rather a global allocation.