RapNet


Rapaport News

 

Rough Markets

 
Rapaport Broadcast
Martin Rapaport’s Webinar on Estate Jewelry
October 30 2019

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

De Beers Opens Rough Selling Platform to Trade

Jun 23, 2016 8:34 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... De Beers will allow businesses to sell rough diamonds from its online auction platform in a pilot scheme announced Thursday.

The service is available for single stones of more than 5 carats or fancy-color diamonds. The limited service will only be available to businesses that adhere to standards set by De Beers covering integrity of diamond sellers, product disclosure and provenance.

It will represent a very small proportion of the gems sold on the De Beers auction sales platform, which in turn offers about 10 percent by value of the rough sold by De Beers.

The project “gives us the opportunity to test the strength of demand for such a service,” said Neil Ventura, executive vice-president of auction sales at De Beers (pictured).
Tags: De Beers, online trading, Rapaport News, rough trading
Similar Articles
Petra 20.08ct blueCullinan Blue Could Fetch $15M, Analysts Say
Oct 07, 2019
Petra Diamonds will offer a 20.08-carat blue diamond at aspecial tender...
CAR Announces Diamond-Buying Reforms
De Beers Sales Drop in Slow Rough Market



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us