Siteholder?

[kenny]

What exactly is a siteholder?

What is the origin of this name?

 

[mike c]

A sightholder is a customer of the (DTC) Diamond Trading Company IE: an authorized bulk purchaser of rough diamonds.I believe the term comes from viewing the goods before purchase,at the claims in Kimberly south Africa.

 

[mike c]

Also it refers to the actual box or goods on offer IE:sight box

hope that helps

Mike

 

[diagem]

Clients of the DTC (diamond trading Company aka De Beers)
These companies are attached to the SOC (suplier of choice) program, which means that they have a Two year contract of the right to purchase 10 sights (allocation of rough diamonds) yearly...

Usually they receive the same type of rough diamonds for their production in a consistance matter.

I am not sure where the term comes from, but i know that these sight-holders pay cash up front for their allocations (with-out seeing the goods first)..., and only after that payment they receive the goods.