November 20, 2017

De Beers set auction date for August 10

Yellow and Purple-pinkish diamond. Photo: De Beers

Owing to the success of its polished diamond auctions in June, JSE-listed De Beers’ auction sales business will run its next two polished diamond auctions on August 10 and August 24.

De Beers Auction Sales is a global business involved in negotiating the sale of rough diamonds to manufacturing, retailing and trading business buyers.

Headlining the events is a 15 ct internally flawless fancy vivid yellow rectangle brilliant, as well as a 2 ct fancy pinkish purple cushion.

Customer responded well to the initial auctions in June, where most polished diamonds directly from De Beers were sold.

The third-party exceptional polished diamond auctions also saw several of the flagship diamond lots on offer being sold, including the lead lot of a 7.21 ct D Colour flawless pear-shaped diamond.

Neil Ventura, De Beers auction sales Vice President said,  “We been encouraged by the early reaction to auctions of our own polished diamonds and to our third-party exceptional auction sales,” said.

He added that the uptake of goods in the auction of De Beers’ dual-certified polished diamonds indicates that there is healthy demand for products with this additional layer of assurance.

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