Introduction:

Diamstone Development (PTY) Ltd. was established during 2000 by Mr. Leon Cloete as a Black owned development Company in the Diamond Sector of Southern Africa. Our main objective of is to accommodate and facilitate the empowerment of previously disadvantaged cutters within the diamond sector. This empowerment will be in the form of enabling them to own their own companies with the piece of mind that they will receive a constant supply of rough diamonds as well as receiving training on how to manage their businesses effectively.

Mission Statement:

Striving to surpass development expectations by bridging the gap between economic liability and profitability by investing in the upliftment and empowerment of previously disadvantaged communities.

Business Principals:

Management Team:

Diamstone believe in “hands-on” management where everybody takes part in the management of the Company and is collectively responsible for the success thereof. The management of the Company is under the guidance of the Executive Team which consists of;

Business Profile:

 

Diamstone Development (PTY) Ltd. (SA) core business is the cutting and polishing of diamonds and is situated at the Diamond Centre in Johannesburg. The profitability of the cutting works enables the company to venture into other empowerment projects and forms the basis for the local operation.

Empowerment Project;

Diamstone took the initiative to develop the local diamond cutting industry by empowering the previously disadvantaged diamond cutters to own their own cutting businesses and serve as mentors for pdi’s that want to become cutters. This initiative has already been marketed to the previously disadvantaged cutters, the Diamond Board and the Government / Training SETA and has been received very favorably. To achieve our objective, Diamstone SA needed to secure a steady supply of rough diamonds which we found could be obtained it in the DRC. To support this initiative, Diamstone has to obtain funding (investment) to erect a consolidated facility for the previously disadvantaged cutters with training facilities.

Strategy:

Diamstone believes firmly in a long term approach to business. We value our relationships with our Strategic Alliance Partners and invest back into the economies from which we benefit. Our business model is quite rare in this sector and therefore gives us a big advantage in the market. By empowering others we empower ourselves for the long term.

Opportunities:

Diamstone laid the foundation for strategic alliance partners and investors to become part of opportunities with above average return on investments. Due to the nature of our current strategic alliances, the development project opportunities cross over into other sectors and include general community upliftment, infrastructure projects, power generation, mining and agriculture.

Diamstone, together with reliable strategic partners and the support of committed investors, can really make a difference in the diamond market that would be beneficial to all.