De Beers names Tiffany among 75 buyers
Well known retailer and jeweller Tiffany & Co is among 75 companies the trading arm of diamond giant De Beers has selected to sell uncut and unpolished diamonds. The agreements with so-called ‘sightholders’ stay in place for the three years:
De Beers’ trading arm holds 10 auctions a year, attended by prequalified buyers, or sightholders, that buy rough diamonds produced at De Beers’ mines in South Africa, Botswana and elsewhere. Sales of unpolished and uncut diamonds by DTC rose to $6.5 billion last year from $5.1 billion a year earlier.