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The Diamond Trading Company (DTC) is the rough diamond sales and distribution arm of the De Beers Group. The DTC sorts, values and sells about 35% of the world’s rough diamonds by value. [ 1 ] The DTC has a combination of wholly owned and joint venture operations in South Africa (DBSSSA), Botswana (DTCB and DBGSS), and Namibia ( NDTC ).
Each grid has the clarity options on the horizontal line and the color options on the vertical line. In order to calculate the price of a diamond according to the Rapaport Price List, you need to know the size, color and clarity of the diamond. The price listed based on this information is in hundreds of dollars per carat. [3]
It is an amulet, which comprises diamond, pearl, ruby, sapphire, emerald, topaz, cat's eye, coral, and hyacinth (red zircon). Each of these stones is associated with a celestial deity, representing the totality of the Hindu universe when all nine gems are together. The diamond is the most powerful gem among the nine stones.
[31] [34] [9] Oppenheimer was very concerned about the discovery of diamonds in 1908 in German South West Africa, fearing that the increased supply would swamp the market and force prices down. [ 10 ] [ 11 ] Former CIA chief Admiral Stansfield Turner claimed that De Beers restricted US access to industrial diamonds needed for the country's war ...
Despite declining production, South Africa's gold exports were valued at US$3.8 billion in 2005. [24] As of end-2018, South Africa had a potential 6000 tonnes of reserves. [25] In July 2018, the Mineral Council of South Africa announced that 75% of mines in South Africa were now unprofitable due to the declining gold reserves. [26]
Three years later, in 1869, an 83.5-carat (16.7 g) diamond, which became known as the Star of South Africa, was found nearby [ 5 ] [ 6 ] This diamond was sold by van Niekerk for £11,200, and later resold in the London market for £25,000.
This stone was the 19th biggest uncut diamond ever found and was sold in February 2010 to Chow Tai Fook Jewellery for $35.5m, the highest price ever paid for an uncut diamond. [10] The previous record was held by Gem Diamonds ' Leseli La Letšeng, which was bought for $18.4m by Graff Diamonds in December 2008.
It is situated close to the South African town of Alldays in the Limpopo province and is located within the 360 km 2 Venetia Limpopo Nature Reserve. The open cast mine is one of De Beers’ six remaining diamond mines in South Africa and the only major diamond mine to be developed in the country during the past 25 years. As such, the mine ...
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