De Beers has launched the global sales period for Global Sightholder Sales (GSS) 2015-2018, in which customers are required to submit consolidated reports that comply with international financial reporting standards (IFRS).
In addition, diamond buyers on the company's websites will need to conduct a full audit of their financial statements by GSS specialists, and maintain the maximum ratio of debt to equity of the organization.
The statement posted on the De Beers website says that the new process of checking compliance with the company's requirements is aimed at increasing the confidence of third-party organizations in the transparency of operations and financial solvency of GSS customers.
"Sightholders claim conditional deliveries on contracts, which means the nature and value of diamonds that De Beers plans to offer to sightholders in the upcoming 12-month sales period," the company said in a statement.
In the contract period 2015-2018, GSS will have two types of buyers - sightholders and accredited buyers.
Accredited buyers will have the opportunity to purchase diamonds in a more specialized order from a set of stones sold in excess of the plan, which sightholders can also purchase.
The trading period 2015-2016 will begin with the participation of 84 sightholders and 2 accredited buyers.