De Beers hosts first auction for third-party exceptional polished diamonds

GIA diamonds

Sellers and buyers of responsibly sourced, exceptional polished diamonds will be able to transact anonymously via the De Beers Auction Sales platform for the first time this month.

The exceptional polished stones auction, which will be held on June 29, will allow buyers and sellers to benefit from direct and discrete sales of the responsibly sourced stones.

All third-party traders must be registered with De Beers Auction Sales Trading Standard which sets out the criteria, meaning purchasing is only available to registered buyers.

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Executive vice president of De Beers Auction Sales comments: “This platform for exceptional third party diamonds, and the auctions of De Beers Group’s own polished diamonds, offer buyers new opportunities to purchase attractive, responsibly sourced diamonds that have been validated by De Beers as being natural and untreated.”

“While both polished auction initiatives are still in the pilot stage, we look forward to the learnings we will receive from these first events so that we can continue to innovate and enhance our offering to our customers.” He added.

There is expected to be almost 50 polished stones available, including:

  • A 7.21 carat, D colour, flawless pear-shaped diamond
  • A 1.57 carat Fancy Vivid Yellow, internatlly flawless, cushion cut diamond
  • A 5.53 carat Fancy Yellow, VS1, cushion cut diamond
  • A 20.64 carat Fancy Light Yellow, VS2, cushion cut diamond

The separate auctions for third-party exceptional polished stones will occur on the same day as the first auctions of De Beers Group’s own polished diamonds, manufactured directly from its own rough. The separate auctions will be held back-to-back, allowing buyers to source all polished on one day.

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