De Beers clears the air on open tenders

source: Mmegi
Staff Writer

De Beers says its sightholders are free to participate in open tenders organised by rival diamond producers, clearing the path for the 16 local cutting and polishing firms.

Firestone Diamonds is soon expected to approach the market with a parcel of diamonds from its BK 11 Mine which commenced production last month, while African Diamonds has also sealed a mining licence empowering it to market its diamonds in the open market.

Market sources recently told BusinessWeek that local diamond manufacturers had been liaising with their international parent companies to determine whether they can participate in [continue reading]


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