In September, Alrosa evaluated the results for three auctions of large rough diamonds (weighing 10.8 carats and more), held in the world’s major diamond trading centres. In August and September, auctions were held in Antwerp, Dubai and Ramat Gan. As a result, 80 highest bidding companies, including companies from Belgium, Israel, India and UAE, purchased 349 lots weighing over 6,000 carats for $37.8 million (averaging approximately $6,300/carat).
Evgeny Agureev, Deputy CEO of Alrosa, said: “August is traditionally considered a relatively quiet period. However, this year we saw a consistent demand for rough diamonds of high quality and price. At a time when international travel remains limited, there was strong interest in all three international auctions. Together, they attracted more than 300 registered participants. In the second half of September, we also launched an online auction in response to the market’s demands. It has a new expanded format, with lots’ descriptions supplemented by expert evaluations and additional photos and videos. This auction, running until 13th October, enables clients to analyse and select diamonds completely remotely.”
Rapaport Debuts Single-Stone Parcels At Resumed Dubai Auctions
Rapaport Auctions is resuming its Dubai Auctions, starting with 55,000 carats of polished diamonds being offered for sale at the 10th-14th October auction in the Dubai diamond bourse. Over 30 viewing stations are fully booked with a waiting list of buyers wishing to view the lots, the company said.
“We are pleased that the Covid crisis has eased to the extent that Indian buyers are now able to visit Dubai and view the diamonds. We expect strong sales with positive buyer sentiment. There is strong demand for small stone melee and for the first time we are introducing single stone parcels to Dubai,” said Michelle Ickowics CEO of Rapaport Diamond Corporation.
GJEPC Webinar Details Govt. Grants & Subsidies Available For Intl. Exhibition Participation, Machinery And Bank Loans
The GJEPC webinar held on 7th October informed members about the various government subsidies available for participating in international exhibitions, machinery purchases and selling scheme/bank loans. The session was moderated by Manish Jivani, Convener MSME.
Guest speaker Kantharao, Branch Manager, National Small Industries Corporation Ltd. (NSIC) briefed the 85 attendees about the various NSIC schemes.
The topics covered in the session were documentation required, procedures to follow, and how and whom to approach to avail the subsidies/grants on below mentioned schemes:
• International / Domestic Exhibition / Buyer Seller Meet / Foreign delegation Participation: Procurement and Marketing Support Scheme (PMSS)/International Cooperation (IC) Scheme
• Machinery Buying and Selling: Procedure For Buying Machines & Equipment
• Bank Loans: Credit facilitation through banks under Bank Tie-up Scheme
• NSIC Schemes and Programs
• Technology Support/ Infrastructure Support STPs / EMDBPs
• National SC-ST Hub (NSSH)