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.

ALSO READ: Singapore to enhance safety and retirement for gig workers

“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.

Follow the link for more news on

Singapore economy

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia