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Sourcing

SOURCING

Diamond Sourcing: Diamond sourcing is the process of acquiring rough diamonds from various supply sources for the purpose of cutting, polishing, and selling them as finished gemstones. The diamond supply chain is complex, involving numerous stakeholders from mining companies to wholesalers and retailers.

The primary sources of rough diamonds are diamond mines located in several key regions around the world. Major diamond-producing countries include Russia, Canada, Botswana, Democratic Republic of the Congo, Australia, and South Africa. Mining companies extract the diamonds from the earth and sell them to authorized dealers and traders.

Diamonds can also be sourced from secondary markets, such as diamond bourses and exchanges, where rough and polished diamonds are bought and sold. These secondary markets allow diamond manufacturers and dealers to acquire stones for further processing or direct sale.

In recent years, there has been growing focus on ethical and sustainable diamond sourcing. Initiatives like the Kimberley Process Certification Scheme aim to prevent the trade in “conflict diamonds” that fund armed violence and civil wars. Responsible sourcing practices help ensure transparency and traceability in the diamond supply chain.

Diamond sourcing requires significant expertise and market knowledge to navigate the complex global network of suppliers, distributors, and end-customers. Companies and individuals must carefully evaluate factors such as diamond quality, pricing, and provenance to ensure they are acquiring legitimate and conflict-free stones.

Rough Sourcing: The regularity of supply of rough diamonds from across the world has enabled STARGATE to have a wide variety of top quality stones hence development of substantial rough diamond dealing.

Rough diamond sourcing and dealing has always been the integral part of our business since our establishment. Our rough distribution business is really a massive one, fast turning and we keep inventories non-existent. It increases turnover and profit margin. This is necessary to help finance STARGATE marketing initiatives and developments.

All across our business platforms, STARGATE observes the highest ethical standards of operation. We insist the same of our business partners or affiliates in recognizing the same level of ethical standards.
This extends to our diamond sourcing program. The issue of responsible mining is an important one and deserves our utmost attention.

STARGATE constantly reviews its policy on responsible mining and maintain its standard with current and existing laws and or commissions. It commits to continuously maintaining our position with the objective of expanding to secure the broadest possible impact. 

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STARGATE is an additional venture and part of the Ebenhaezer Bank Consulting Group

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