Which term refers to De Beers' 2007 program to address critics and resolve shortcomings of its original SOC program?

Which term refers to De Beers' 2007 program to address critics and resolve shortcomings of its original SOC program?

• A. Special
• B. Supplier of Choice 2
• C. Step cut
• D. Subduction

Answer: (B)

The term refers to the updated De Beers program known as Supplier of Choice 2, the 2007 revision of their original SOC. This name signals a new version built to address critics and fix shortcomings of the first program. SOC2 introduced clearer, more objective criteria for selecting suppliers and for how rough material is allocated, aiming to increase transparency, governance, and fairness in dealings with sightholders. The other options don’t relate to De Beers’ sourcing reforms—one is a generic word, another is a diamond cut style, and the last is a geological term—so they don’t fit the program’s identity.

The term refers to the updated De Beers program known as Supplier of Choice 2, the 2007 revision of their original SOC. This name signals a new version built to address critics and fix shortcomings of the first program. SOC2 introduced clearer, more objective criteria for selecting suppliers and for how rough material is allocated, aiming to increase transparency, governance, and fairness in dealings with sightholders. The other options don’t relate to De Beers’ sourcing reforms—one is a generic word, another is a diamond cut style, and the last is a geological term—so they don’t fit the program’s identity.