De Beers Auction Sales to Auction High-Value Stones at IRDW

(IDEX Online News) – De Beers Auction Sales has announced its participation in the upcoming International Rough Diamond Week (IRDW) at the Israel Diamond Exchange (IDE).

The company, which was previously known as Diamdel, will use the event to showcase its Exceptional & Special and Large products.

Approximately 10 percent of De Beers' rough diamonds are sold through our auction platform," said Neil Ventura, executive vice president of De Beers Auction Sales. "Auctions are regarded today as an integral part of the rough supply pipeline and we are committed to offering all interested customers an equitable opportunity to purchase some of our highest value stones during IRDW. I am confident that buyers at the IRDW will do well, and that the rough diamond week will be an important and recurring value adding service to the local industry and trade."

IDE president Shmuel Schnitzer said the contribution of De Beers Auction Sales to the IRDW is a key element in its success. "Our endeavor to strengthen Israel's position as a rough diamond trading hub is dependent on the cooperation of companies such as De Beers to make it happen."

Registration for the IRDW, which will be held March 9-13, has closed. More than 300 buyers have registered to view and bid and the tenders.