De Beers Will Start Auctioning Other Mines Goods

De Beers  will begin auctioning rough diamonds from other mining companies to provide a broader range of goods.

The company will pilot the new program this year, making it easier for customers to buy their entire supply in one place, Neil Ventura, De Beers executive vice president of auction sales, said on Monday.

“One message that’s come through from our recent customer engagements is a desire for us to develop our supply offering in certain areas, so that there is a fuller and broader range of material available for purchase,” Ventura said.

“Based on this customer feedback, in 2018 we will be testing the potential to grow our core rough-diamond sales business through making some purchases from third-party sources,” he added.

The diamonds will come from miners which De Beers has carried out due diligence, and will only be a small minority of the goods De Beers offers.

Source: DCLA

De Beers Will Start Auctioning Other Mines Goods

De Beers  will begin auctioning rough diamonds from other mining companies to provide a broader range of goods.

The company will pilot the new program this year, making it easier for customers to buy their entire supply in one place, Neil Ventura, De Beers executive vice president of auction sales, said on Monday.

“One message that’s come through from our recent customer engagements is a desire for us to develop our supply offering in certain areas, so that there is a fuller and broader range of material available for purchase,” Ventura said.

“Based on this customer feedback, in 2018 we will be testing the potential to grow our core rough-diamond sales business through making some purchases from third-party sources,” he added.

The diamonds will come from miners which De Beers has carried out due diligence, and will only be a small minority of the goods De Beers offers.

Source: DCLA

NY Diamond Dealers Club Opens New Trading Floor

The Diamond Dealers Club (DDC) of New York has moved into its new home in the International Gem Tower.

The opening event at the upgraded premises was the seventh India Diamond Week, which attracted more than 60 exhibitors and several hundred buyers, organizers said.

“The response to our new space has been incredibly encouraging, with many companies from both New York and overseas agreeing that this is the place to trade diamonds in New York,” said DDC president Reuven Kaufman.

“This year, as in years past, large quantities of goods have been bought and sold at the Diamond Dealers Club in New York.”

The event was organized by DDC in conjunction with India’s Gem & Jewellery Export Promotion Council.

Source: Diamonds.net

NY Diamond Dealers Club Opens New Trading Floor

The Diamond Dealers Club (DDC) of New York has moved into its new home in the International Gem Tower.

The opening event at the upgraded premises was the seventh India Diamond Week, which attracted more than 60 exhibitors and several hundred buyers, organizers said.

“The response to our new space has been incredibly encouraging, with many companies from both New York and overseas agreeing that this is the place to trade diamonds in New York,” said DDC president Reuven Kaufman.

“This year, as in years past, large quantities of goods have been bought and sold at the Diamond Dealers Club in New York.”

The event was organized by DDC in conjunction with India’s Gem & Jewellery Export Promotion Council.

Source: Diamonds.net

Diamond Miner Gem Diamonds Finding More Huge Stones

Gem Diamonds has recovered another 100 carat plus rough diamond this year.

The recovery of the D colour type IIa stone shortly after the recovery of a 910 carat  D colour IIa rough diamond from Letšeng last week.

Gem Diamonds began extracting ore from a higher grade part of Letšeng last year, resulting in the increase of large stones.


Gem Diamonds Letseng mine is located in the mountainous kingdom of Lesotho in southern Africa.

Source: DCLA 

Diamond Miner Gem Diamonds Finding More Huge Stones

Gem Diamonds has recovered another 100 carat plus rough diamond this year.

The recovery of the D colour type IIa stone shortly after the recovery of a 910 carat  D colour IIa rough diamond from Letšeng last week.

Gem Diamonds began extracting ore from a higher grade part of Letšeng last year, resulting in the increase of large stones.


Gem Diamonds Letseng mine is located in the mountainous kingdom of Lesotho in southern Africa.

Source: DCLA 

Historic 910 carat, The Fifth Largest Diamond Recovered

Gem Diamonds has recovered a 910 carat rough diamond at its Letšeng mine in Lesotho, the fifth largest rough ever found.

The D colour  type IIa diamond is the largest to be unearthed at Letšeng, outranking the 603 carat Lesotho Promise recovered in 2006.

That stone was sold for $12.4 million, to Graff Diamonds, which owns a 15% stake in Gem Diamonds.

Last year, Graff bought the 1,109 carat Lesedi la Rona, the second largest rough diamond in history, for $53 million, or $47,790 per carat.

The discovery follows a recent revival of exceptionally large stones recovered at Letšeng, which is known for its high value production.

Source: DCLA