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Home > Diamond News Center > Diamond News > World

De Beers to Allow B2B Sales of Polished Stones on its Platform

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De Beers Rough Diamonds
De Beers  Enlarge
De Beers Rough Diamonds
De Beers has announced that its Auction Sales business will offer midstream diamond companies the opportunity to sell certain types of polished diamonds to other trade participants on its auction platform, Gem Konnect reports. In line with De Beers Auction Sales’ rough diamond service, the polished diamond service is available for single stones over 5 carats in weight or of fancy colour.

Any seller wishing to use the service will need to comply with a range of ethical requirements: compliance with the “Seller Integrity” section in  the De Beers Best Practice Principles; all diamonds must be accompanied by a suite of evidence that documents the diamond’s manufacturing history; and all diamonds offered for sale on the platform must undergo a comprehensive three-level screening process to identify synthetic and/or treated polished diamonds.

Neil Ventura, Executive VP, De Beers Auction Sales, said that once the company has “some initial feedback , we can decide whether there is sufficient demand to continue with it.”
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