Wednesday, February 26, 2014

De Beers Auction Sales to showcase high value stones during International Rough Diamond Week in Israel in March

De Beers Auction Sales will be participating in the International Rough Diamond Week (IRDW) to be held March 9-13 at the Israel Diamond Exchange. The company, previously known as Diamdel and wholly owned by De Beers, will showcase its Exceptional & Special and Large products during the IRDW.

Limor Rosner, Senior Sales Manager, Israel, said the firm was pleased to be part of the rough diamond week program. "It's exciting for De Beers Auction Sales to be part of this value-adding event organized by the exchange. For more than eight decades, De Beers has been a steady supplier and partner of Israel's diamond industry and trade, and we are pleased to continue and to contribute to the growth of Israel's diamond sector."

Neil Ventura, Executive Vice President of De Beers Auction Sales, praised the IDE's initiative to hold regular, focused rough diamond trading events. "Approximately 10 percent of De Beers' rough diamonds are sold through our auction platform," he noted. "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 that the contribution of De Beers Auction Sales to the IRDW is a key element in its success, both in the short and the long term. "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," he commented.

Registration for the IRDW is now closed, with more than 300 buyers registered for viewing and bidding at the tenders.

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