What company dominates the diamond industry?
Diamond Trading Company certification scheme for rough diamonds. By November 2002, negotiations between governments, the international diamond industry and civil society organisations resulted in the creation of the Kimberley Process Certification Scheme (KPCS). The KPCS sets out the requirements for controlling rough diamond production and trade. The KPCS became effective in 2003. Diamond Trading Company The Diamond Trading Company (DTC) is the rough diamond sales and distribution arm of the De Beers Family of Companies. The DTC sorts, values and sells approximately 75% of the world’s rough diamonds by value. The DTC has a combination of wholly owned and joint venture operations in
Diamond industry in Israel Diamond industry in Israel The diamond industry of africa is an important world player in producing cut diamonds for wholesale. In 2010, Israel became the chair of the Kimberley Process Certification Scheme. , cut diamonds constituted 23.2% of Israel's total exports and they were the country's biggest export product, amounting to 12% of the world's production. Diamond cutting is a traditional Jewish craft with centuries of history. In the late 15th century, Jewish diamond cutter Lodewyk van Berken invented the scaif polishing wheel, a technological innovation that revolutionized the industry. What was to become the Israeli diamond industry began in