De Beers Introduces Forward Contract Sales for Rough Diamonds

De Beers, the world’s largest diamond producer, introduces forward sales contracts for buyers in its rough-diamond auctions.

Owned by Anglo American, The De Beers Company is moving the purchasing, production and sales base for its diamond auctions to Singapore in November.

Forward trades will allow buyers to determine the volume of goods they want to purchase over a given period.

De Beers noted that 10 percent of the rough diamonds are sold via the auction platform.   

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