KAO tender in Antwerp meets with 100% success

64 lots of the KAO Production were offered in the tender
KAO tender in Antwerp meets with 100% success

Fusion Tenders, in cooperation with I. Hennig & Co, announced that the KAO Production tender held in Antwerp, met with a 100 percent sale. The tender offered 64 lots and was a sealed bid tender. It took place between 7th-11th May 2012.

Richard Collocott, CEO of Namakwa Diamonds commented: “This has been an important moment for Namakwa and Storm Mountain Diamonds to move the sale of the Lesotho’s KAO production from South Africa to Antwerp. Antwerp remains, in our opinion, the most important trading centre for rough diamonds and despite challenging market conditions we are pleased to have achieved solid prices.”

Ari Epstein, CEO of the AWDC, mentioned that “The success of this tender once again proves that Antwerp remains the world’s leading diamond trading capital where all the key players in our industry are brought together”.

Arik Sela, I. Hennig’s Managing Director summarizes: “We were very pleased with the strong interest shown in viewing the KAO production, and were proud to host representatives from the world’s most prominent diamantaires.”

The next Fusion Tender of KAO production will be from the 15 – 21 June, 2012 in Antwerp.

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