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De Beers Names The First Majority Black-Owned Sightholder

Molefi Letsiki Diamonds, Based In Johannesburg, South Africa, Is De Beers' First Majority-owned Sightholder.
Molefi Letsiki

Molefi Letsiki is a second-generation diamantaire who graduated from the De Beers Enterprise Development Project for Diamond Beneficiation. The initiative was designed specifically to help “‘historically disadvantaged South Africans” develop sustainable business and qualify for sightholder status. The company will be among about 60 businesses authorized to attend ten Sights a year in Gaborone, Botswana, from January 1, 2023.

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Molefi Letsiki, owner of Molefi Letsiki Diamonds in Johannesburg, South Africa, has been appointed as a Sightholder by De Beers, becoming Letsiki the company’s first majority black-owned Sightholder.

Molefi Letsiki Diamonds was started in 2005 “as a custom-made jewellery production firm,” according to IDEX Online. From January 1, 2023, the company will be one of around 60 businesses entitled to attend ten Sights every year in Gaborone, Botswana, to acquire raw diamonds from De Beers.

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Molefi Letsiki

Molefi Letsiki, owner of Molefi Letsiki Diamonds in Johannesburg, South Africa, has been appointed as a Sightholder by De Beers, becoming Letsiki the company’s first majority black-owned Sightholder.

Molefi Letsiki Diamonds was started in 2005 “as a custom-made jewellery production firm,” according to IDEX Online. From January 1, 2023, the company will be one of around 60 businesses entitled to attend ten Sights every year in Gaborone, Botswana, to acquire raw diamonds from De Beers.

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Molefi is the chairman of Diamond Dealers Club of South Africa, which is a member of the World Federation of Diamond Bourses, co-founder and president of the South African Young Diamond Beneficiators Guild, Founder and Director of Molefi Letsiki Diamonds which is De Beers Diamond Beneficiation project member, a client of the South African State Diamond Trader, Petra Diamonds and Forevermark Diamantre.

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