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Kiran Exports Gains De Beers Supply
Nov 21, 2016 9:29 AM
By Rapaport News
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RAPAPORT... Kiran Exports received De Beers ‘accredited buyer’
status, enabling it to buy the mining company’s rough diamonds following its
split from Kiran Gems.
The new status gives the Antwerp-based trading company access
to ‘ex-plan’ goods that will be made available for the current contract
period that ends March 30, 2018. While accredited buyers don’t enjoy regular guaranteed
supply from De Beers, they can buy ex-plan, which is excess supply De Beers
makes available over and above what it agreed to supply sightholders.
Kiran Exports operates as an independent entity after
Kiran Gems group announced a restructuring, with Vimal Lakhani continuing as
director of the Belgian business. Mumbai-based Kiran Gems remains a full De
Beers sightholder.
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Tags:
accredited buyer, Antwerp, De Beers, Global Sightholder Sales, GSS, Kiran Exports, Kiran Gems, mumbai, Rapaport News, Sightholders, Vimal Lakhani
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