What's Happening?
Shivam Jewels, a diamond manufacturer based in Surat, India, has been appointed as a Sightholder by the Diamond Trading Company (DTC), a part of the De Beers Group, as of March 2026. This appointment is significant as it marks a rare addition to the list
of sightholders, which has not seen many new entries in recent years. Shivam Jewels, established in 1995, has built a reputation for precision-cut natural diamonds and has been recognized for its capabilities in fancy-shape diamonds and light performance. The company's inclusion in the DTC sightholder list reflects its compliance with De Beers' standards for transparency, ethical sourcing, and operational reliability.
Why It's Important?
The appointment of Shivam Jewels as a DTC Sightholder is a notable development in the global diamond supply chain, particularly for India, which is a major player in diamond manufacturing. This move strengthens India's position in the primary rough diamond supply market. For De Beers, adding a new sightholder like Shivam Jewels aligns with its strategy to ensure a reliable and ethical supply chain. This development could potentially lead to increased business opportunities and economic benefits for the Indian diamond industry, enhancing its global competitiveness.
