The company informed that all 75,936 carats, offered for sale, were sold at an average price of $ 107 per carat.
All diamonds sold advantageously extracted from the ore of inferior quality, and therefore does not represent an accurate information about the project contained in the diamond.
"The prices for diamonds of better quality was higher, while the prices of smaller stones have become a reflection of the current weak market conditions, but we still were pleased to sell all diamonds offered at auction" - Stuart Brown said (Stuart Brown), CEO of Firestone Diamonds.
"It was very nice to get a few exceptional white and colored fancy stones at an early stage of the mine development, and we believe that Likhobong resources will eventually very high," - he added.
In the first sale Firestone Diamonds has managed to attract more than 90 companies to show their products, with 38 companies purchased rough diamonds from the getter.
Best stone, 37-carat internally flawless white diamond of type IIa, was sold for more than $ 1 million.
"A number of common and fancy yellow stones included in the sale, also achieved a competitive price Buying interest was exceptionally strong in these categories." - said Brown.
In Frestone said that the second diamond sales cycle is expected to take place at the end of the first quarter of 2017.
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The fourth Israeli diamond week in New York, which was organized by the Diamond Dealers Club of New York, visited more than two hundred buyers who were looking for diamonds to replenish their stocks.
Israeli traders who participated in the event noted that not only the demand for large diamonds was high, but also typically American commercial goods used by retail jewelers were sold surprisingly well.
Many traders have shown in their pricing as much flexibility as possible. "In the whole supply chain, traders optimize their reserves as they see the need to create a niche business in which they can compete successfully." To do this, they must redistribute their stocks, " - the representative of the company from Israel has noted.
During the opening ceremony on Tuesday (October 20), DDC President Reuven Kaufman (Reuven Kaufman) said that the global diamond market needs improvement, but "here in the market and in the US economy we see positive signals that may mean that the upcoming The festive season will be successful. "
Kaufman also noted that this week there was a revival on the trading floor due to the large number of representatives of DDC and Israeli companies taking part in the event.
President of IDE Shmuel Schnitzer said: "The American market is the basis for many Israeli diamond companies.We believe in the American market, we have excellent relations with our American counterparts,
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