STATE DIAMOND TRADER DEPARTS SA TO PARTICIPATE IN THE 2022 SINGAPORE EXPO IN ASIA WITH DIAMOND BENEFICIATORS

MEDIA RELEASE

To: All Media

Date: Friday, 23 September 2022

The State Diamond Trader continues to create a platform for local diamond beneficiators to showcase and trade their exceptionally manufactured polished diamonds at international platforms. The State Diamond Trader has collaborated with eight local diamond beneficiators to exhibit their unique precious products blended with modern craftsmanship and various diamonds products including jewellery at the Singapore expo on 27 -30 September 2022. This year’s expo is in collaboration with De Beers Group, Stargem, Brinks and KGK.

The State Diamond Trader’s main business is to buy and sell rough diamonds to promote equitable access to and beneficiation of diamond resources. One of the entities aims are to develop and grow the South African diamond beneficiation industry.

The State Diamond Trader has been facilitating the participation through the South African national Pavilion for the past 7 years, and this year took eight local companies, which includes Thoko Diamonds; Rez Diamonds; JP Diamonds; Millennium Diamonds; Vivid Gems; Nungu Diamonds; Letsiki Diamonds and Hall of Diamonds, to Singapore to market and sell their polished diamonds.

The State Diamond Trader is a state-owned entity established in terms of Section 14 of the Diamonds Amendment Act, 29 of 2005. The company is classified as a Schedule 3b entity of the Public Finance Management Act (PFMA),and is eligible by law and proclamation to purchase up to 10% of the run of mine from all diamond producers in South Africa.

END

Issued by State Diamond Trader

Enquiries: Marketing and Communication Manager

Ms. Tsholofelo Gopolang Tselapedi

tsholofelot@statediamondtrader.gov.za

072 012 7181

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