Tag Archives: De Beers Group

B2B polished diamond selling service launches

De Beers has launched a business-to-business (B2B) pilot project for selling polished diamonds. The project will allow businesses to sell their diamonds in a new, direct way. De Beers Auction Sales (DBAS) will offer midstream diamond companies the chance to sell certain types of polished diamonds to other trade participants using its auction platform. This sales service for polished diamonds is an extension of the same service De Beers offers for rough diamonds. The rough diamond B2B sales pilot launched earlier this year.

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Gahcho Kué mine opens

The Gahcho Kué mine—one of the 10 largest diamond mines in the world—will formally open today. The mine sits about 280 kilometres northeast of Yellowknife and is only 80 kilometres southeast of De Beer’s recently closed Snap Lake diamond mine.

The mine, which is co-owned by De Beers Canada (51 per cent) and Mountain Province Diamonds (49 per cent), is estimated to provide a $6.7 billion boost to the Canadian economy over its anticipated … Continue reading Gahcho Kué mine opens

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De Beers launches new synthetic diamond detection technology

At the Hong Kong Jewellery & Gem Fair (which ran September 14 to 18) De Beer’s IIDGR unveiled its newest addition to their suite of synthetic detection technology. This newest addition is a compact, self-contained screening device called PhosView™.

“With rising concerns in the diamond industry around undisclosed HPHT synthetics, protecting trade confidence is critical,” said IIDGR President, Jonathan Kendall.

The device is designed to allow parcels of polished stones to be quickly and accurately … Continue reading De Beers launches new synthetic diamond detection technology

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Go beyond the 4 Cs: Changing the way we sell diamonds

While well-intended to give consumers a better gauge by which to evaluate and select a diamond, the 4 Cs by themselves have become a propellant toward the commoditization and shrinking margins of these precious stones. Largely, this has happened through the relative availability of information on the Internet, the consumer perception that diamonds are plentiful and not rare, and the continued defensive practice too many jewellers employ of pinning their value proposition on a grading report that adds no real value to a diamond.

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