Skip to content

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.

QUICK JUMP
ADVERTISEMENT
ADVERTISEMENT

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.

ADVERTISEMENT
ADVERTISEMENT

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.

ADVERTISEMENT
FAQs

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.

At Truoosh, we’re here to help you navigate this overwhelming world of stuff. All of our market picks are independently selected and curated by the editorial team. All product details reflect the price and availability at the time of publication. If you buy something we link to on our site, Truoosh may earn commission.

ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

Billionaire Laurence Graff paid a record-breaking $46.1 million for a magnificent vivid pink diamond weighing 24.78 carats. Originally owned by his competitor Harry Winston, it now carries graff’s name and is a part of the legendary collection of rare diamonds.

We usually advise brilliant round diamonds with a cut grade of very good, ideal, or super ideal for engagement rings (also known as hearts and arrows). A high cut grade maximises a diamond’s beauty for a given carat weight.

ADVERTISEMENT
ADVERTISEMENT

It’s crucial to have a concept of what you might prefer before starting your search because it will enable you to focus on fewer of the many engagement ring possibilities that are now available. Also, when you initially start browsing, it helps to have a few distinct design concepts and the overall budget because the variety can be overwhelming.

Here are Engagement Ring Trends 2023:

1. Modern Art-Deco
2. Colored Stones
3. Lab-Grown Diamonds
4. East-West Settings
5. Multiple Large Stones

The traditional round diamond form, which is the most common, may come to mind when you think of diamonds. But if you want something different, a tonne of alternative forms may be found to suit your unique taste and style. Each diamond shape has its own fire and brilliance because they are cut to different standards, altering how they reflect light.

The most popular kinds of diamonds are listed below:

1. Round Brilliant Cut Diamonds
2. Princess-Cut Diamonds
3. Marquise-Cut Diamonds
4. Cushion-Cut Diamonds
5. Emerald-Cut Diamonds
6. Radiant-Cut Diamonds
7. Pear-Shaped Diamonds
8. Oval Diamonds
9. Asscher-Cut Diamonds