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DTCB closes in on first non-Debswana deal

Friday, July 14, 2023 | 1050 Views |

Out of the box: Serumola says the DTCB has the workforce skills and technology to compete

The Diamond Trading Company Botswana (DTCB), an entity equally owned by De Beers and government, is close to clinching a deal to sort and value diamonds from a non-Debswana diamond producer, a landmark development that will help boost its capacity utilisation.

Established in 2006, DTCB has been limited to only sorting and valuing stones from Debswana, before selling these to De Beers and the state-owned Okavango Diamond Company.

In the years since its establishment, DTCB’s operating position has tightened due to the fact that while its state-of-the-art plant is built to process 45 million carats per annum, Debswana’s production has averaged well below 30 million carats since 2008, in line with a policy where the mines produce only to match demand.

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DTCB closes in on first non-Debswana deal

The Diamond Trading Company Botswana (DTCB), an entity equally owned by De Beers and government, is close to clinching a deal to sort and value diamonds from a non-Debswana diamond producer, a landmark development that will help boost its capacity utilisation.