About Us

About the Guild

The South African Young Diamond Beneficiators Guild is a non-profit organisation established in 2015 by a collective of South African, predominantly Black-owned emerging diamond manufacturers that saw the need to change the narrative of the South African diamond beneficiation industry.

At the core of the organisation is a collective desire to realize and participate in the real and sustainable growth of the South African diamond beneficiation industry and to see our locally manufactured diamonds become an international symbol of South Africa’s economic renaissance.

Critical to our collective success is the need for true transformation to take place whereby opportunities for growth can be accessible to all those that strive to develop their businesses into global participants in the international diamond manufacturing industry.

THE SOUTH AFRICAN YOUNG DIAMOND BENEFICIATORS GUILD (SAYDBG)

The SAYDBG is mandated to carry out the following purpose, as set forth in its Memorandum of Incorporation:

Build constructive collaborations and partnerships with all industry and non-industry stakeholders. Including

Government, from an enterprise and policy development perspective
Private sector, i.e mining companies
Diamond and jewelry manufacturers
Financial institutions
Fellow African diamond-producing countries
Seek market opportunities both locally and internationally

Vision

As the mouthpiece of the South African diamond beneficiation industry. The SAYDBG endevears to be the leading association in diamond Business Development and Training, Communication, Compliance & Ethical conduct for HDSA, as well as being a key role player in policy making through its interactions and engagements with the relevant Government departments.

Mission

Our mission is to represent, lobby and advocate for the emancipation of previously dis-advantaged South African businesses. We intend to create foundations, platforms and frameworks that will encourage effective youth participation in the entire value chain of the diamond & jewelry sector within and beyond South Africa.

The (SAYDBG) mission is to be a center point for its members to:

Communicate

Changes within the diamond and jewelry value chain within South Africa and aim to involve members in Business Development, Funding & Training projects made available to us by the government or private sector

Educate & Navigate

members and new entrants into the diamond and jewelry industry. Providing knowledge of the different stages and opportunities in the diamond and jewelry value chain.

Ethical Conduct

To have policy and regulations in place and determine Rules of Trade and ethical behavior of members. To hold members accountable for unfair practices that will bring the industry into disrepute.

Compliance

Assist our members with the knowledge to remain compliant and operate within the industry code of conduct and also abide to the legalities and requirements set up by the government to operate in any stage of the diamond value chain

Lobbying

For our government to provide opportunities to those who were historically disadvantage. government to aid with taxes, levy’s & grants for our members to remain competitive on an international scale and create employment within the industry to boost the local economy.

Corporate social responsibility

The SAYDBG will work with the diamond mining leaders in the private sector and government to partner with our association in community projects that empower the historically disadvantaged even beyond the diamond sector

aim & objectives

• Our aim is that of achieving increased diamond beneficiation by way of encouraging the retention of locally produced rough diamonds.
• To develop growth driven and self sustainable HDSA owned enterprises in the diamond industry
• To encourage industry relevant skills development by way of collaborative efforts between emerging and established diamond manufactures
• To make the diamonds industry an attractive prosopect for other emerging entrepreneurs

Our commitment

We commit to working hand-in-glove with all Government and industry Stakeholders to collectively develop a shared vision for the diamond beneficiation industry which should lead to increased beneficiation, true transformation and overall industry growth