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07 - 05 - 2018 First Guangzhou Rough Tender Sells Out

RAPAPORT... The inaugural tender of rough stones at the Guangzhou Diamond Exchange (GDE) brought in nearly $6 million in sales, the Chinese bourse said Friday.

The GDE sold all the available parcels, which contained over 230,000 carats of industrial and gem-quality diamonds from mines in Africa. Sales exceeded the exchange’s expectations, with prices comparable to those at tenders taking place in other international diamond-trading cities, the organization noted.

Approximately 50 companies from China, Belgium, the United Arab Emirates, India and Israel attended the event.

 

 

Source: Rapaport 1-5-2018

 
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