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- Title
ROUGH DIAMOND AUCTIONS: SWEEPING CHANGES IN PRICING AND DISTRIBUTION.
- Authors
Shor, Russell
- Abstract
Since 2007, rough diamond prices have become extremely volatile. One reason is the growing percentage of rough diamonds now sold by tender and live auctions rather than the century-old system of marketing rough diamonds at set prices to a pre-approved clientele. This report explains the tender and live auction processes and discusses their effect on the rough diamond market, including pricing and the opening of a market that was once difficult to enter.
- Subjects
DIAMOND sales &; prices; DE Beers Consolidated Mines; AUCTIONS; MARKET pricing; DIAMOND Trading Co.; RIO Tinto Co.
- Publication
Gems & Gemology, 2014, Vol 50, Issue 4, p252
- ISSN
0016-626X
- Publication type
Article
- DOI
10.5741/GEMS.50.4.252