Manufacturing, Engineering and Technology Fabrication and Extraction

Rough Diamond Trading And Valuation For South Africa Training

SAQA US 110228 | NQF 5 | Credits 36 | Duration 33 Days
From $5,114 per delegate

Description

This course equips learners with the specialised knowledge and practical skills required to trade and value rough diamonds within the South African regulatory and market context. Participants will gain a comprehensive understanding of diamond grading, pricing methodologies, and legal compliance, enabling them to make informed trading decisions.

Learning Outcomes

  • Apply the principles of diamond grading and valuation to assess rough diamonds according to international and South African standards.
  • Analyze market trends, pricing mechanisms, and supply chain dynamics in the rough diamond trade.
  • Evaluate the legal and regulatory framework governing diamond trading in South Africa, including the Kimberley Process.
  • Implement ethical trading practices and compliance procedures in rough diamond transactions.
  • Demonstrate proficiency in using valuation tools and techniques to determine the fair market value of rough diamonds.

Target Audience

This course is designed for diamond traders, valuators, gemologists, and professionals in the South African diamond industry who seek to enhance their expertise in rough diamond valuation and trading practices.

Prerequisites

None — open enrollment

Course Outline

Day 1: Introduction to Diamond Trading and Valuation

Objectives:
• Understand the historical and economic significance of diamond trading in South Africa.
• Identify key role players in the diamond value chain.
• Explain the regulatory framework governing diamond trading.
• Describe the basic properties of rough diamonds.

Topics:
• Overview of diamond industry in South Africa
• Diamond value chain: mining, sorting, valuation, trading, cutting
• Key institutions: SA Diamond Board, Diamond Exchange, KPCS
• Introduction to diamond properties: crystal structure, hardness, specific gravity
• Basic terminology: carat, clarity, colour, cut (4Cs) for rough

Day 2: Diamond Geology and Formation

Objectives:
• Describe the geological processes that form diamonds.
• Identify primary and secondary diamond deposits.
• Explain the distribution of diamond deposits in South Africa.

Topics:
• Kimberlite pipes and alluvial deposits
• Formation conditions: high pressure, high temperature
• Major South African diamond mines: Cullinan, Venetia, Finsch
• Exploration techniques for diamond deposits

Day 3: Diamond Sorting Principles

Objectives:
• Explain the purpose of sorting in diamond valuation.
• Describe the criteria used for sorting rough diamonds.
• Demonstrate understanding of sorting categories.

Topics:
• Sorting criteria: size, shape, colour, clarity, quality
• Sorting process from mine to market
• Standard sorting categories and codes
• Role of sorting in value determination

Day 4: Diamond Grading for Rough Diamonds

Objectives:
• Differentiate between grading of rough vs polished diamonds.
• Apply rough diamond grading parameters.
• Identify inclusions and external features in rough diamonds.

Topics:
• Grading parameters: carat weight, colour, clarity, shape
• Inclusions in rough: clouds, feathers, knots
• External features: nicks, abrasions, naturals
• Practical grading exercises

Day 5: Diamond Valuation Methods

Objectives:
• Understand the principles of rough diamond valuation.
• Apply price per carat methodology.
• Analyze factors affecting diamond value.

Topics:
• Valuation approaches: market comparison, cost, income
• Price per carat curves and grids
• Premiums and discounts for shape, colour, clarity
• Market influences on pricing

Day 6: Diamond Pricing and Market Dynamics

Objectives:
• Describe how diamond prices are determined globally.
• Explain the role of De Beers and other producers.
• Analyze supply and demand factors.

Topics:
• Global diamond market overview
• De Beers sightholders and auctions
• Rough diamond price indices
• Impact of economic cycles on diamond trade

Day 7: Legal and Regulatory Framework in South Africa

Objectives:
• Identify key legislation governing diamond trading.
• Understand the Diamond Export Levy Act.
• Explain the role of the South African Diamond Board.

Topics:
• Diamonds Act, 1986
• Export and import regulations
• Kimberley Process Certification Scheme requirements
• Beneficiation strategies in South Africa

Day 8: Diamond Trading Platforms and Channels

Objectives:
• Describe various diamond trading platforms.
• Compare auction vs tender vs direct sale.
• Understand the role of diamond exchanges.

Topics:
• Rough diamond auctions: De Beers, Petra, ALROSA
• Tender sales and electronic trading
• Diamond bourses: Johannesburg Diamond Exchange
• Over-the-counter trading

Day 9: Diamond Parcel Composition and Valuation

Objectives:
• Understand how diamond parcels are composed.
• Apply valuation techniques to mixed parcels.
• Analyze the impact of parcel mix on total value.

Topics:
• Parcel composition: size distribution, quality mix
• Valuation of single vs multiple stones
• Weighted average pricing
• Practical parcel valuation exercises

Day 10: Advanced Diamond Grading Techniques

Objectives:
• Use advanced instruments for diamond grading.
• Interpret diamond clarity and colour grading reports.
• Apply advanced techniques for inclusion mapping.

Topics:
• Use of loupes, microscopes, and UV lamps
• Inclusion mapping and plotting
• Colour grading under controlled lighting
• Advanced clarity grading

Day 11: Diamond Cutting and Manufacturing Considerations

Objectives:
• Explain how cutting decisions affect rough diamond value.
• Describe yield optimization strategies.
• Understand the impact of cutting on final price.

Topics:
• Planning for cut: shape, weight retention
• Yield calculations: rough to polished ratio
• Influence of inclusions on cutting
• Cost of cutting and its effect on rough value

Day 12: Diamond Market Analysis and Forecasting

Objectives:
• Analyze historical diamond price trends.
• Identify factors influencing future diamond prices.
• Apply basic forecasting techniques.

Topics:
• Price trend analysis: long-term and cyclical
• Demand drivers: jewellery, investment, industrial
• Geopolitical and economic influences
• Forecasting models for rough diamond prices

Day 13: Ethics, Sustainability, and Responsible Sourcing

Objectives:
• Understand ethical issues in diamond trading.
• Explain the Kimberley Process and its limitations.
• Discuss sustainable mining practices.

Topics:
• Conflict diamonds and KPCS
• Social and environmental impacts of diamond mining
• Responsible sourcing initiatives
• Corporate social responsibility in diamond industry

Day 14: Diamond Valuation for Different Markets

Objectives:
• Compare valuation approaches for local vs export markets.
• Understand buyer preferences in major markets.
• Adjust valuations for market-specific factors.

Topics:
• Market segmentation: SA, Europe, USA, India, China
• Cultural preferences for diamond attributes
• Export valuation requirements
• Currency and exchange rate considerations

Day 15: Risk Management in Diamond Trading

Objectives:
• Identify risks in diamond trading.
• Apply risk mitigation strategies.
• Understand insurance and security measures.

Topics:
• Price volatility risk
• Theft, fraud, and security protocols
• Insurance for diamond shipments
• Contractual risk management

Day 16: Diamond Trading Negotiation Skills

Objectives:
• Develop negotiation strategies for diamond trading.
• Understand buyer and seller psychology.
• Practice negotiation in simulated scenarios.

Topics:
• Negotiation tactics: anchoring, concessions
• Communication skills for diamond trade
• Building long-term trading relationships
• Role-play exercises

Day 17: Diamond Documentation and Record Keeping

Objectives:
• Understand required documentation for diamond transactions.
• Maintain accurate records for compliance.
• Prepare invoices, certificates, and shipping documents.

Topics:
• Diamond invoices and delivery notes
• Kimberley Process certificates
• Export documentation: customs, levy
• Digital record-keeping systems

Day 18: Diamond Valuation Software and Tools

Objectives:
• Use valuation software for rough diamonds.
• Interpret output from automated grading systems.
• Compare manual vs automated valuation.

Topics:
• Overview of diamond valuation software
• Automated sorting and grading technologies
• Data analysis for valuation
• Practical use of software tools

Day 19: Case Studies in Diamond Trading and Valuation

Objectives:
• Analyze real-world diamond trading cases.
• Apply valuation techniques to complex scenarios.
• Develop decision-making skills.

Topics:
• Case study 1: Parcel valuation dispute
• Case study 2: Market entry strategy
• Case study 3: Ethical dilemma in sourcing
• Group presentations and discussion

Day 20: Course Review and Assessment

Objectives:
• Consolidate knowledge from the course.
• Demonstrate competency in valuation and trading.
• Prepare for final assessment.

Topics:
• Review of key concepts
• Practical valuation and trading exercise
• Written assessment
• Course evaluation and feedback

Practicals

64 hours of practicals To be conducted online or on-campus or in-house
Overview

Practicals provide hands-on experience in sorting, grading, and valuing rough diamonds using industry-standard tools and methods. Learners will practice parcel valuation, use grading instruments, and simulate trading negotiations to apply theoretical knowledge in realistic scenarios.

Practical Activities
  • Diamond Sorting and Grading Practical — Learners sort and grade a set of rough diamonds by size, shape, colour, and clarity using loupes, sieves, and grading boxes. (20h)
  • Parcel Valuation Exercise — Learners value mixed parcels of rough diamonds using price grids and market data, then compare results with peer valuations. (16h)
  • Advanced Grading and Instrument Use — Learners use microscopes, UV lamps, and automated graders to evaluate diamonds, and interpret grading reports. (16h)
  • Simulated Trading Negotiation — Learners participate in mock trading sessions, negotiating prices for diamond parcels while adhering to ethical and legal standards. (12h)

Summatives

Each delegate is assessed continuously throughout the course via daily exercises, scored practical assignments, and a final summative test at the end.

Practical Assignments — 30%

Practical assignments are observed and scored against a rubric during the practical sessions. Each delegate's practical mark is averaged into a single 100% score and contributes 30% to the final total.

Daily Exercises — 20%

Every training day ends with a multiple-choice exercise scored out of 100%. The scores from each daily exercise are averaged across the duration of the course to produce a Daily Average mark, which contributes 20% to the final total.

Final Test — 50%

On the last day a final summative test is written. It is a multiple-choice paper with multiple-answer questions: each question may have more than one correct option, and a single wrong selection on a question marks the entire question wrong — no partial credit. The final test is scored out of 100% and contributes 50% to the overall mark.

Final Total
Component Out of Weight
Practical Assignments (rubric-scored) 100% 30%
Daily Average (multiple choice) 100% 20%
Final Test (multi-answer multiple choice) 100% 50%
Final Total 100%

All marks are recorded on the AATICD LMS and visible to each learner under their account.

Certificate

Certificate of Completion

Awarded to delegates who achieve an overall mark of 50% or higher on the Final Total (Practicals 30% + Daily Average 20% + Final Test 50%).

How it works
  • Certificates are auto-generated on the AATICD LMS as soon as the marks pass the 50% threshold.
  • Each certificate is a branded PDF with the delegate's name, the course title, the unit standard ID, NQF level, credits, and the date of issue.
  • You can download or print your certificate from your LMS dashboard at any time after issue — there's no reissue fee and no expiry date.
  • If you scored under 50% you can sit the final test again at the next scheduled session at no extra cost.
Where to find it

Sign in to the LMS, open your dashboard, and your certificates appear under My Certificates. Each entry has a View / Download button and a print option.

Training Discounts

Group discounts apply automatically — the more delegates you enrol, the greater the saving. Discounts are calculated at 3% per 5 delegates, scaling up to 40% off for 100+ delegates.

Delegates Discount
5 3% off
10 6% off
15 9% off
20 12% off
25 15% off
30 18% off
50 30% off
75 35% off
100 40% off

3% discount per 5 delegates, up to 40% off for 100+ delegates. Contact us for a custom group quote.

Upcoming Training Sessions
Online training — attend live sessions from anywhere via our virtual classroom.
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On-Campus training — face-to-face sessions at our training venues across Africa and beyond.
Showing all 505 sessions across 26 venues
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In-House training — we bring the trainer to your organisation, tailored to your team.
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Training Discounts
Delegates Discount
5 3% off
10 6% off
15 9% off
20 12% off
25 15% off
30 18% off
50 30% off
75 35% off
100 40% off

3% off per 5 delegates, up to 40% for 100+

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