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Topic: Sightholder

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	Sightholders Basically
		Sightholders, both manufacturers (of polished) and dealers (in rough), meet once every 5 weeks, 10 times a year, to inspect their diamond allocations in the London offices of De Beers at 17 Charterhouse Street.
		Today, the company is a triple sightholder: the Tel Aviv factory manufactures from 0.20 to 5.00 carats; the New York factory manufactures 1.00 carat and up; and, the Bangkok factory polishes stones (under 30 points) which are sent to Israel for sorting.
		An industrial diamond sightholder, it is a supplier of parcels for wire dies, dressing tools, coning tools, shaping tools, form tools, drill bits, natural industrial diamonds, synthetic diamonds, superabrasives, Micron powders, rough, and cuttables.
	www.jewelry-time.com /Archive/DIAMONDS/AADEALING/historical0.htm (3634 words)

	Sightholder - Wikipedia, the free encyclopedia
		A sightholder is a company on the Diamond Trading Company's (DTC) list of authorized bulk purchasers of rough diamonds.
		DTC is controlled by the De Beers Group, the single largest producer and purveyor of rough diamonds in the world.
		According to a January 13, 2004 DTC media release ([1]), there are 84 sightholders, and three additional companies authorized to purchase diamonds from DTC for industrial use.
	en.wikipedia.org /wiki/Sightholder (100 words)

	DTC Dictates Sightholder Changes
		Sightholder applicants to the Diamond Trading Company's Supplier of Choice program were confidentially told May 29 whether they will continue to be customers of DTC after the Supplier of Choice Program is officially launched in July.
		Sightholders are asked to accept and adhere to DTC's Diamond Best Practice Principles which, among other things, requires sightholders to not trade in conflict diamonds and not sell synthetic or treated diamonds without proper disclosure.
		DTC sees its sightholders as large global players; niche players; manufacturing-oriented businesses with strong downstream operations; dealer-oriented businesses with strong marketing oriented customers; businesses that use a full range of diamonds; businesses highly focused on specific goods; existing sightholders; entities new to the sightholder list and those returning to the sightholder list.
	www.professionaljeweler.com /archives/news/2003/053103story.html (449 words)

	Making a Killing - The Center for Public Integrity
		De Beers' position on conflict diamonds is further complicated by the company's intimate relationship with its sightholders, who receive their allotments of diamonds from De Beers in London.
		Sightholders of Steinmetz's caliber get to be part of the club, in part, because they use their political influence to look after the interests of the company.
		All of which means that De Beers is exposed to any indiscretions on the part of its sightholders, such as the European dealer with alleged ties to Hezbollah and conflict diamonds, named in the intelligence report.
	www.icij.org /bow/report.aspx?aid=152 (5359 words)

	Victoria Gomelsky \| Writing Samples : Business (Site not responding. Last check: 2007-09-14)
		New York -- When De Beers issued an ultimatum to its sightholders last summer instructing them to aggressively market their diamonds or else, many responded by rushing headfirst into the branding arena, in a frantic attempt to "add value" to their goods so they might stay in the mining giant's good graces.
		Some sightholders introduced new facets to their stones, fashioning brand-name diamonds through the use of patented cutting techniques that would justify their new premiums.
		In return, jewelers who join will be given access to the sightholder's best stones and a slew of marketing perks, including co-opted national ads and a PR blitz.
	www.gomelsky.net /victoria/business04.html (814 words)

	Diamonds: sights, sightholders, DTC, CSO, DeBeers, Supplier of Choice, London, Gary Ralfe, sight dates, diamond ...
		Being a sightholder has always been considered a status symbol; reaching the pinnacle of one's professional career.
		Sightholders attend the sights in London, 10 times a year - every 5 weeks, not as a ritual but for any number of reasons including the chance to see the goods that they will be receiving the next week.
		A sightholder used to receive specific goods related to the cutting centers in which he operated.
	www.keyguide.net /dtc_sights (1478 words)

	national-jeweler.com (Site not responding. Last check: 2007-09-14)
		The manufacturer sightholders produce these rough diamonds for their own customers, and sell whatever rough is not suitable for them in the competitive secondary market.
		The EC asked for, and naively expected, public comments from the existing sightholders, who were, however, panicked at the prospect of losing their De Beers sights (which would mean the end of their business), and would not dare criticize De Beers' new program.
		De Beers, with its newly obtained database provided by the sightholders, was tailoring the sightholders' advertising campaign to the particular type of jewelry style that was primarily manufactured from only particular types of rough diamonds that De Beers wished to release/unload to the public, in accordance with De Beers' internal economic targets.
	www.nationaljeweler.com /nationaljeweler/search/search_display.jsp?vnu_content_id=1000591808 (1688 words)

	IDEX Magazine - Full Story
		Sightholders reported that they did not get goods beyond their ITOs (Intention To Offer - the intended allocation to each Sightholder by articles).
		Each Sightholder was told where he stood compared to his peers on each of one of the seven elements that make up the profile (such as finances, marketing, etc), and how much progress the Sightholder had made since the last review.
		In the end, the result was that bigger Sightholders received a bigger ITO, while smaller Sightholders received a smaller ITO.
	www.idexonline.com /portal_FullMazalUbracha.asp?id=22898 (272 words)

	We have the knowledge and expertise to provide jewelry appraisals according to the Uniform Standards of Professional ...
		DTC welcomes the continued contribution to be made by brokers in providing services to sightholders and sightholders represented by brokers continue to be encouraged, in their best interests, to use a broker to act on their behalf In all their dealings with DTC.
		Sightholders will be appointed, under the new arrangements, for a period of 24 calendar months.
		Each of DTC and the sightholder will be entitled to terminate the appointment with effect from expiry of the 24 calendar month period by giving no less than 3 calendar months prior written notice.
	www.jewelry-time.com /Archive/DIAMONDS/AADEALING/JUL2000.htm (1334 words)

	Diamonds.net - News Center
		One Belgian sightholder, who was almost entirely dependent on DTC rough, took the company to the Antwerp Court of Commerce and was granted an extra nine months as a sightholder.
		The sightholder said that there are enough other disgruntled sightholders who might follow suit and sue the DTC and that the ruling is a major blow for the company.
		Former sightholder Shmuel Schnitzer, the president of the Israel Diamond Exchange and the World Federation of Diamond Bourses (WFDB), said that the lawsuit is a private matter between the sightholder and the DTC and that it is too early to gauge the affect it might have on the industry.
	www.diamonds.net /news/newsitem.asp?num=10435&list=2 (690 words)

	DTC Completes Supplier of Choice Sightholder Assessment (Site not responding. Last check: 2007-09-14)
		All the new Sightholders have met the rigorous and objective criteria required under Supplier of Choice (SoC).
		Sightholders will play a vital role in driving the consumer market forward.
		Sightholders are demonstrating that continued and even further enhanced competitive, efficient and value adding business activities are not only vital for the future health of the diamond jewellery industry but also bring with them real and rapid business benefits."
	www.diamond-il.co.il /English/News.aspx?boneId=918&objid=786 (357 words)

	PolishedPrices.com - The List (Site not responding. Last check: 2007-09-14)
		In a letter by Nicola Annecchino, head of unit for basic industries and other industries dealing with antitrust and cartel issues, sightholders have been asked to provide a complete hard copy of their Sightholder Profile which was due to be submitted to the DTC on February 2004.
		The EC's request, which unlike in previous correspondence with sigtholders is binding, comes only two weeks after sightholders submitted their lengthy profiles to DTC and sets a one week deadline for sightholders to respond by March 16.
		Said one sightholder; "If the EC takes the initiative to read the files, they cannot ignore them if there is something wrong in the level of information sightholders give in the framework of supplier-of-choice.
	www.polishedprices.com /columns/default.asp?id=1000000832&newstypeid=4 (604 words)

	Holistic Junction: Articles
		Sightholder firms have to satisfy various criteria such as a high degree of expertise in valuing rough diamonds, high experience in cutting and polishing.
		The privilege of being a sightholder company is carefully preserved, as being a sightholder means being,,on the cards", otherwise the supply of diamonds may become dangerously scarce for that company.
		That is why the offered diamonds will be eventually purchased regardless of their quality - the pack diamonds can be argued on but they are very rarely rejected, as the sightholder cannot afford to lose its status and break the relationship with De Beers Diamond Trading Company, relation that is essential for business.
	www.holisticjunction.com /displayarticle.cfm?ID=2800 (898 words)

	[No title] (Site not responding. Last check: 2007-09-14)
		Some sightholders are known to have explored possibilities to file an anti-trust complaint against De Beers, or, alternatively, to seek redress in a court — but, as far as we know, no one has actually followed through and it seems that De Beers may have moved rather deeply into safety zones.
		Disgruntled would have to conduct, what is called in game theory, a “chicken game”, in which he would first privately and later publicly find it to his advantage to announce his strategy to the adversary, presenting a rigid non-accommodating strategy.
		If the sightholder’s main motivation is only to hurt De Beers, he should have set the “Doomsday Machine” in motion and should have thrown away the keys.
	www.tacyltd.com /TenLiner_Full.asp?id=36 (1996 words)

	Diamond Info - News: OPEC (Site not responding. Last check: 2007-09-14)
		All sightholders were informed they had to develop their own marketing plan including substantial financial expenditures for a cooperative advertising campaign.
		It also required each sightholder to create what the DTC called "added-value." While they ultimately hope to increase demand, so far it has resulted in higher market costs and confusion, not value.
		In June 2000, the old DeBeers had about 125 sightholders, by May 2003 only about 65 have confirmed their 2004 DTC - SOC sightholder status, of which about 9 are new.
	www.diamondinfo.com /index.php/html/main/news101.html (343 words)

	Diamonds: sightholders, sightholder, DTC, DeBeers, patented diamonds, hearts and arrows, branded diamonds, branded ...
		Hearts and arrows cuts and ideal cut diamonds (round and square shapes) are being cut by sightholders for their own brands as well as private labels for their clients.
		The DTC and the sightholders also started a trend of celebrity brand endorsements in India (for the Nakshatra and Arisia) that has been very successful and followed by a number of sightholders (Kiah and D’damas to name a few).
		Sightholders were chosen for this pilot project because they had systems in place “to ensure the traceability of DTC diamonds in the Forevermark program” and were willing “to submit to independent auditing of their pipeline-integrity”.
	www.keyguide.net (887 words)

	Hennig - Becoming a Sightholder
		Competition for DTC supply is rigorous and Sightholders have to present the best case possible.
		Diamond companies wishing to attain Sightholder status, will typically approach a DTC broker to help them negotiate the time-consuming and costly application process.
		Are termed the three âAâs, and together form the basis the DTCâs decision as to who becomes or remains a Sightholder.
	www.ihennig.com /content.aspx?id=78 (251 words)

	Diamonds.net - News Center
		In a press statement released Wednesday, the sightholder’s law firm said the court ruled against De Beers on all counts of its appeal and ordered the company to keep the diamantairre as a sightholder for a further nine months.
		The original ruling was passed in November last year by the Antwerp Court of Commerce after the sightholder filed a complaint stating that under its Supplier of Choice (SoC) strategy, the DTC had only given him six months to find other rough sources before he was to lose his status.
		According to the sightholder’s release, De Beers said the original ruling was in breach of a comfort letter issued by the European Commission’s Competition Authorities, which confirmed the compatibility of SoC with European competition laws.
	www.diamonds.net /news/newsitem.asp?num=10429&list=2 (435 words)

	IDEX Magazine - Full Story
		Any existing clients who do not qualify as Sightholders under Supplier of Choice will continue to be offered supplies by the DTC throughout 2003 in order that they are well positioned to meet their current supply commitments and to make alternative arrangements for future supply.
		It is clear that all clients should be able to conduct discussions with their business partners in their own time and on their own terms.
		When goods are very popular and in relatively scarce supply, this necessarily impacts the number of diamantaires whom DTC is able to supply on a consistent basis.
	www.idexonline.com /portal_FullMazalUbracha.asp?id=21470 (370 words)

	News at GemEx Systems, Inc.
		And sightholders are taking a variety of approaches.
		One of the most ambitious attempts at brand-building is from Antwerp sightholder the Pluczenik Group, which last year approached German fashion house Escada about entering the diamond market.
		Sightholder Leo Schachter has a "Leo" brand, a patented 66-facet gem recently written up by the Wall Street Journal (thanks to a PR firm).
	www.gemex.com /htmdocs/news/02_01_01_jck.html (469 words)

	Diamonds.net - News Center
		Posted: 6/10/2005 11:37 AM (Rapaport...June 10, 2005) Stuller Inc., of Lafayette, Louisiana, was chosen by Diamond Trading Company (DTC) as a new sightholder for the 2005-2008 Supplier of Choice (SOC) contract period.
		Stuller will be receiving rough diamonds directly from DTC as a sightholder.
		The sightholder status "further enhances our ability to provide our customers with a tremendous inventory of diamonds at competitive prices,” said Joe Buttross, executive vice president of Diamonds and Gemstones division.
	www.ci-jewelry.biz /news/newsitem.asp?num=12475 (374 words)

	Professional Jeweler Archive: The Discreet Tycoon
		Leviev’s turning point came when he relinquished his De Beers sightholder status by rejecting the preselected box of diamonds he was offered at a sight allocation in London.
		Though he rejected his sightholder status, Leviev’s rise can be traced to the years when he depended on De Beers for rough.
		He recalls the days when, as a sightholder, he met peers on flights to and from London.
	www.tinyurl.com /n2bi (1851 words)

	Farr's Sells for Less (Site not responding. Last check: 2007-09-14)
		There are usually less than 200 sightholders, and they may purchase by invitation only.
		The sightholders are at the top of the food chain for diamond buying.
		Sightholders may resell the rough which they have purchased to cutters, who may in turn sell them to distributors, or retailers, or sightholders may cut the diamonds themselves and sell them directly to select retailers.
	www.farrsjewelry.com /farrs.html (443 words)

	Diamond Sightholders, DTC, De Beers, South Africa, New York, Mumbai Surat India, Israel, Belgium, sight-holder, ...
		For years, sightholders have been meeting once every 5 weeks, 10 times a year, to inspect their diamond allocations in the London offices of the Diamond Trading Company at 17 Charterhouse Street.
		On July 2005, 11 new sightholders were added to the existing client list of 84 (on the 2001 client lists).
		The information in the list of sightholders and all the information on these pages (www.keyguide.net/sightholders) is in the public domain; however, the compilation (from a number of sources) and format of the information is the Intellectual Property of Keyguide Ltd., and shall be considered as such for all purposes.
	www.keyguide.net /sightholders (1462 words)

	Forbes.com - Magazine Article (Site not responding. Last check: 2007-09-14)
		Today he is the world's largest cutter and polisher of the precious gems and a primary source of rough stones to other cutters, polishers and jewelry makers around the globe.
		By 1995 it had had enough of this upstart and booted him from the sightholders' circle.
		In July De Beers dropped 35 of its 120 longtime sightholders (adding 10 new ones), raising rampant speculation that it was keeping its best supplies for its retail operation.
	www.forbes.com /forbes/2003/0915/108_print.html (3162 words)

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