The Company was established in 1963 as Ghana Diamond Marketing Board charged with the responsibility for the purchase and marketing of the country\\\\\\\'s diamonds. In 1965, by Legislative Instrument (LI) 401, the Company was incorporated as a State Owned Enterprise (SOE). With the promulgation of the diamonds decree (NRCD 32) in 1972, LI 916 was enacted to change the company\\\\\\\'s name to Diamond Marketing Corporation.