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De Beers Opens Rough Selling Platform to Trade
Jun 23, 2016 8:34 AM
By Rapaport News
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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).
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Tags:
De Beers, online trading, Rapaport News, rough trading
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