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 Where to buy rough diamond? |
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 Central Selling Organization (CSO) |
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| To buy diamonds at the
CSO it is necessary to be a member. As the number is limited and controlled by De Beers,
you will understand that this purchase cicuit is intended for the elite of the diamond
trade. The value of each sight varies from US$ 500,000
to US$ 2,000,000. There is no
place for the « small buyer »... |
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| « Outside » market |
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| This market offers much more
prospect than the CSO especially if your financial capacity is modest. It
consists of diamond wholesalers, diamond mining companies and diamond buying and sales
offices in Africa.It is useless to specify that it is imperative to know
about rough diamonds or to be accompanied by an expert in this field before buying
anything. Swindles are not rare and the beginners can lose (a lot of) money. |
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| The companies which exploit the
diamondiferous concessions and the diamond purchasing and sales offices have already their
network fo the sales of diamonds. These people know perfectly the value of rough diamonds and if
you want to make a deal with them, margin wil be charge which will not cover all your costs
(including your trip)!!The artisan who works on its
concession and who discovers a diamond must sell it at a collector.
This collector (who can work for an buying and saling office or be
independent). He can resell it to another collector or to a diamond buying and
saling office. Inevitably, the price of that diamond will increase. That diamond will
arrive sooner or later at a diamond buying and saling office, which is the
only one (with the mining companies) being able to export diamonds. The people who work in
these diamond buying and saling offices do know the perfect value of that diamond. Under
these conditions, the transaction remain difficult. |
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| The best solution consists of searching for an opportunity
in the producer country, in order to open a diamond buying and saling office or
to participate in small diamond mining by modernizing the equipments and materials in
exchange for a share in the company. Many of these small mining firms do work with rudimentary
equipments and without the financial capacity to progress. They hold mining licences and
have relations with the Ministry of Energy & Mines and also with the Chamber of Mines which do facilites
the operations.In some countries the major banks do buy diamonds from the small mining
companies with the intention to sell those diamonds when need for changes is necessary. |
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| Diamond exchange, bourse |
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| You can buy rough diamonds if you
know a person who is member of a bourse. You will be able to negotiate and conclude your
purchases, in full safety. It is more advisable to get information about the reputation
of this company if you intend to buy your diamonds from them, because all companies are differents. |
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| Black market |
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| The black market would represent 50 %
of the world market, it is not negligible. As you know, black marquet is not legal.
Therefore you are free to try your chances from buying on black market. Swindles are more numerous than
good bargains...Each year, some people are expel from these producer countries
while trying to buy illegal diamonds. The producer countries have
people in hotels placed at strategic areas in order to intercept the spiteful people.It is not necessary to go and buy diamonds from the mining companies to optain a good deal.
In theory it appears to be the best solution, but there are many producers countries which will defend
their interests by having mining police, private police and other security offices who observe these
strategic areas and arrest all persons not having the authorization to do business.Diamonds are in very big rough demand, it has always been and it will always be... |
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| As you may see, buying rough diamonds
is not a simple thing, it is a business for specialists and experts. A very good knowledge
of rough diamond is very important, good relations are essential and of course the
financial capacity must be sufficient. |
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