News

SRDSIL’s first rough diamond online auction gets underway

The auction generates revenues worth Rs 86 crore

diamond world news service

Having hosted its first online auction of rough diamonds, Surat Rough Diamond Sourcing India Limited (SRDSIL) paved the way of its focus, which was to make diamonds directly sourced from mining countries, available to diamantaires. The auction sold rough diamonds worth Rs 86 crore or 46,500 carats of rough diamonds. from a total of around 57,000 carats of big sized stones valued at Rs 93 crore, placed on offer. The stones ranged from 50 cents to 20 carats. Majority of the rough diamonds were reported to be sourced from Russia and Zimbabwe.

Reports suggest that the winning bids were mainly from Surat and Mumbai. Centerac India Private Limited, the end to end internet solution provider, successfully developed and managed the auction.

SRDSIL is a diamond consortium formed by the big, small and medium sized diamantaires in Surat, India.


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

Diamond Market Splits as Mid-Tier Natural Stones Face Pressure

Sabyasachi Unveils The Met High Jewellery Collection at New York Fashion Week

WFDB Calls for Unified Strategy to Strengthen Natural Diamond Trade

Diamond Prices Hit Two-Decade Low as Lab-Grown Supply Reshapes Market

Trade Calls for Local-Language Clarity on CIBJO’s ‘Synthetic’ Recommendation