De Beers today announced that its Auction Sales business will run further polished diamond auction events in August, following the success of the initial events in late June.
The next auction event for polished diamonds manufactured directly from De Beers-mined rough diamonds, with all goods having dual certification from the International Institute of Diamond Grading & Research (IIDGR) and the GIA, will take place on August 10. This event will see a greater volume of De Beers polished diamonds offered for sale than at the first event held in June.
Meanwhile, the next third party exceptional diamond auction, featuring higher value polished diamonds that have been responsibly sourced from sellers evidencing the highest standards of integrity, will be held on August 24. Headlining the event is a 15-carat internally flawless Fancy Vivid Yellow rectangle brilliant, as well as a two-carat Fancy Pinkish Purple cushion.
Customer response to the initial auction events in June was positive, with the auction featuring diamonds polished directly from De Beers-mined rough diamonds seeing the majority of lots successfully sold. The third party exceptional polished diamond auction also saw pleasing results with several of the flagship diamond lots on offer selling through, including the lead lot of a 7.21 carat D Colour flawless pear-shape diamond.
De Beers Auction Sales Executive Vice-President Neil Ventura said, “We’ve been really encouraged by the early reaction to auctions of our own polished diamonds and to our third party exceptional auction sales.”
Ventura added, “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, and the demand at the exceptional auction highlights that our leading platform and rapidly growing global customer network offers an attractive alternative route to market when looking to source or sell some of the finest polished diamonds.”
https://www.gemkonnect.com/news/de-beers-hold-more-polished-diamond-auctions-august