De Beers, the biggest diamond producer, will introduce forward sales contracts for buyers in its rough-diamond auctions.
The forward sales will allow customers to determine the
volume of goods they want to purchase over a given period, De
Beers said. The company will continue to hold spot auction
events, it said.
About 10 percent of the company’s rough diamonds are sold
through its auction platform, De Beers said. The auction product
range includes special and exceptional stones and differs from
diamond boxes the company sells to prequalified buyers, or
sightholders, at sales events known as sights.