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De Beers Adds Polished Trading Platform
Nov 6, 2016 5:42 AM
By Rapaport News
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RAPAPORT... De Beers launched an online trading service that enables third parties to sell polished diamonds to other businesses on the
miner’s existing auction platform.
The pilot service is targeted at single stones weighing more
than 5 carats or those with a fancy color, the company said. The initiative,
open to midstream industry members, represents an expansion of a rough trading
platform for the trade De Beers introduced
in June.
“We look forward to seeing how the
trade responds to the extension of the third party selling service,” said Neil
Ventura, executive vice-president of De Beers auction sales business (pictured). “Once we
have some initial feedback we can decide whether there is sufficient demand to
continue with it.”
De Beers said all sellers must comply with a declaration of
integrity. In addition, diamonds must come with evidence of manufacturing
history and go through a three-level screening
process to identify synthetic or treated stones.
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Tags:
b2b, De Beers, De Beers auction sales, Neil Ventura, polished, Polished Diamonds, Rapaport News
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