Experience the New RapNet Website today
close
RapNet


Rapaport News

 

Rough Markets

 

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

SRDSIL to Hold Second Rough Sale

The consortium will place up to 300,000 carats for sale on February 11.
Feb 6, 2012 6:40 AM   By Dilipp S Nag
Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... Surat Rough Diamond Sourcing (India) Ltd. (SRDSIL), a consortium of Indian diamantaires, is planning to sell rough diamonds via tender on February 11 after successfully conducting its first sale of rough goods this past month.

''The viewing of goods is already going on and the bids will be opened on February 11,'' said Aagam Sanghavi, a spokesperson for SRDSIL and director of Sanghavi Exports, which is a member of the consortium.

He stated that the goods being offered are medium to low quality and that the process will be open to everyone.

''These are mixed origin goods. We have sourced the goods from various countries including Russia,'' Sanghavi noted. He didn’t provide the details about the volume and total value of the goods on offer.

The Times of India reported SRDSIL is offering between 200,000 carats and 300,000 carats of low-range goods for diamantaires mostly in  small to medium-sized businesses (SMBs). Sanghavi declined to confirm the figure with Rapaport News.

Sanghavi said that SRDSIL’s first online auction of rough diamonds was “good.” The consortium sold goods worth $17.2 million (INR 860 million) during its first auction in January.

Tags: Aagam Sanghavi, auction, diamonds, Dilipp S Nag, rough, Rough Diamonds, SRDSIL, tender
Similar Articles
De Beers DTC sight boxesDe Beers Cuts Sightholder Allocations
Mar 30, 2017
De Beers has reduced the supply of rough diamonds it will be offering...
TAGS to Hold Six Dubai Rough Tenders
Al Hashemi to Head KP Participation Committee
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us