De Beers group to move auction headquarters from Singapore to Botswana

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De Beers group to move auction headquarters from Singapore to Botswana

9:26 CAT | 30 Apr 2024

Image: De Beers

De Beers Group announced that it will relocate the business headquarters of De Beers Group Auctions from Singapore to Botswana. The relocation supports De Beers’ focus on streamlining its operations and improving the efficiency of its activities, while facilitating further development of the diamond sector in Botswana.

De Beers Group’s decision to relocate its Auction headquarters to Gaborone reinforces its commitment to the development of Botswana’s diamond industry. It also reflects confidence in the country’s capabilities and growth agenda. De Beers Global Sightholder Sales moved from the UK to Botswana in 2013 and has now successfully operated in Gaborone for over a decade. The move of Auctions’ business headquarters will improve efficiency, strengthen partnerships and support the development of key skills of the diamond industry in Botswana.

As the relocation process takes place over the coming months, De Beers Group Auctions will pause operations and sales events until the move is complete to support a smooth transition process and ensure customers continue to receive the high level of service they expect. .

Al Cook, CEO of De Beers Group, said: “I am very pleased that we are consolidating our global diamond trading business under one roof. Our Global Sightholder Sales business has operated successfully in Botswana for 11 years, so it is a logical and positive step to transfer our Auction business to the country. This move will drive cost efficiency and support the needs of our customers. “I am sure it will also support further development of Botswana’s vibrant diamond sector.”

Speaking on behalf of the Government of Botswana, Emma Peloetletse, Permanent Secretary to the President, stated: “The relocation of De Beers’ auction business to Botswana underlines Botswana’s growing role as a global hub for the diamond industry and will further enhance our economy. and will reinforce skills development in the sector.”

Source: Gem & Jewellery Export Promotion Council (GJEPC)