Rough Diamond Sales In South Africa
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Rough Diamond Sales In South Africa
South Africa has been a leading provider of rough diamonds to the world for a few decades now. Rough diamonds for sale in South Africa are purchased by local businesses and international companies from around the world. Most rough diamond buyers who purchase from South Africa either export to their factories in Belgium, Dubai, Israel, India or cut and polish these diamonds in local factories in South Africa. However there are rough diamond dealers who only specialize in the buying, Selling and Exporting rough diamonds to factories around the world.
Why most diamond companies like buying rough diamonds from South Africa?
Why buy rough diamonds from South Africa?
1.This is due to the processes put in place by government and the private sector to purchase rough diamonds. The policies & regulations put in place helps rough diamonds buyer, Buy ethically source rough diamonds and avoid conflicts diamonds.
2.These Rough Diamond Buyers have the option to cut and polish in South Africa and then move their final product to their clients anywhere in the world
3. South Africa Banking systems are well regulated with high level technology that meets international standards. Which makes financial transactions an ease in South Africa
4.The South Africa currency is weak then most world leading currencies. Making rough diamond buyers stay and travel more affordable in South Africa. This has allowed many diamond companies set up their head office for Africa is South Africa.
5.Stronger safety & Security then most African countries. A stabilized police force with multiple options of private security, 5 star living conditions with shopping and world renowned logistical security to move diamonds around and out of country. Is a main attraction for diamond companies to set up in South Africa to buy rough diamonds and export.


Rough Diamond Tenders & Auctions
Rough diamonds on sale in South Africa are either sold through a rough diamond tender that can take place every week in South Africa. or by rough diamond dealers who resell rough diamonds
Rough diamond tenders in South Africa is where diamond mines and rough diamond dealers place their uncut diamond stock on auction. However this auction bidding is in secret. What I mean by secret that you do not know what are the others bidders price are. It’s as simple as the highest bidder wins the diamond parcel
Rough Diamond Dealers
Rough Diamond Dealing is basically having the ability to buy rough diamonds from the mine, tender house and other rough diamond dealers. Certain diamond mines give specific rough diamond dealers a sight holders license and limit to selling to only those diamond dealers. These sight holding diamond dealers either cut and polish or resell allocated uncut diamonds to cutting and polishing factories or other rough diamond dealers
