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Guinea Mine Fetches $2M at Antwerp Rough Tender
Jul 9, 2012 5:36 AM
By Avi Krawitz
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RAPAPORT... The first tender of rough diamonds from the Guinea-based Guiter mine fetched $2.2 million in Antwerp this past week. All 26 lots placed on offer were sold with 5,724 carats achieving an average of $392 per carat. Guiter was formerly known as the Aredor mine, which recently resumed production after 10 years of laying dormant.
“We hope to see volume grow as we develop our mining activities in Guinea,” said Ansoumane Kaba, the president director general of Guiter. “The production from Aredor is back in the market and despite the current weakness of the market, we are happy with the prices we achieved.”
The tender, which took place on July 4 and July 5 was conducted by Fusion Alternatives in cooperation with I. Hennig & Co. Lots included goods ranging from -9 and +11 to 3 grainers, 4 grainers and 8 grainers to 3-carat to 5-carat stones, with approximately 41 stones being above 5 carats, and a 7-carat vivid yellow diamond.
Ari Epstein, the chief executive of the Antwerp World Diamond Centre, stressed that the new Guiter supply tendered in Antwerp reinforces the city’s position as the world’s main hub for rough trading.
Adam Schulman, the chief executive of Fusion Alternatives, added, “We are pleased to have been chosen by Guiter as their preferred partner to market their goods in Belgium, and we see this result as a further endorsement of our high levels of service to the diamond industry.”
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Tags:
Antwerp, Avi Krawitz, AWDC, diamonds, Fusion Alternatives, Guinee, Guiter Mine, Rough Diamonds
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