News

Economy

Staff Reporter

, Singapore

Published:

2 years ago

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Photo by De Beers Group.

De Beers Group to relocate auctions HQ from Singapore to Botswana

It moved its Global Sightholder Sales business from the US to Botswana in 2013.

Diamond company De Beers Group will be relocating its auction business headquarters from Singapore to Botswana to streamline its operations.

In a statement, De Beers Group said the move to Gaborne supports its commitment to developing Botswana’s diamond industry.

“Our Global Sightholder Sales business has successfully operated in Botswana for 11 years, so it is a logical and positive move to transfer our Auctions business to the country,” De Beers Group CEO Al Cook said.

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“This move will drive cost efficiencies and support our customers’ needs. I am confident that it will also support the further development of the vibrant diamond sector in Botswana,” he added.

De Beers Group Auction will stop its operations and sales events until it completes its relocation.

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