News

De Beers delays S.A. Sight

Will sell diamonds from S.A. mines until Sight announement

diamond world news service

The De Beers South African Sight has been delayed by a week, as reported by AFNS. The delay was casued due to the company not able to export its South African goods to London for aggregation, following a regulatory issue regarding two needed exemptions.

De Beers is required to sell 40 percent of its South African production to the South African sightholders and 10 percent to the State Diamond Trader, as per the South African law.

The sight will be held on September 29, and until then the 17 domestic clients of the company will receive goods from its South African mines.


Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet

Fadnavis Proposes Mumbai–Antwerp Corridor as India-Belgium Trade Turns Surplus

Surat LGD Trade Seeks Pricing Discipline as Margins Come Under Pressure

Tiffany & Co.’s Bird on a Rock Lands at Udaipur’s Taj Lake Palace

US Orders Strengthen India’s Lab-Grown Diamond Jewellery Play

CIBJO Centenary Congress: Industry Aligns Behind ‘Synthetic’ as Natural Diamond Demand Takes Centre Stage