DTC Changes Sightholder Criteria

The Diamond
Trading Company and subsidiary DTC Botswana on April 7 announced they have
adjusted their criteria to become a sightholder.

Applications registering for Canadian, Botswana, or London sights now need to demonstrate total rough diamond utilization of at least  $50 million  from 2008 to 2010, including $20 million in 2008 and 2010, and $10 million in 2009. The previous requirement had been $20 million for all three years.

The DTC’s
minimum “diamond utilization” thresholds have been somewhat controversial, given
how much diamond demand fell during the last three years.

feedback we received formed a compelling case to downward adjust the minimum
diamond utilization criterion since global diamond sales during 2009 were
substantially lower, and we believe that we need to reflect this in a reduced
threshold for that year,” Mahiar Borhanjoo, executive director, DTC Sales and
Sightholder Services, said in a statement.

must register their interest by April 17.

discussed the application process with JCK

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