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Now Open for Business: De Beers’ Rough Diamonds Auction Platform

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Diamond producer piloting a new concept.

De Beers announced that it has begun piloting an online auction platform through which businesses can sell rough diamonds, Rapaport writes. The article says that the service is available for single stones of more than 5 carats or fancy-color diamonds, and that the service is only available to businesses adhering to certain standards. Neil Ventura, the EVP of auction sales at De Beers, told the news outlet that the project “gives us the opportunity to test the strength of demand for such a service.”

Read more at Rapaport

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When the Kids Have Their Own Careers, Wilkerson Can Help You to Retire

Alex and Gladys Rysman are the third generation to run Romm Jewelers in Brockton, Mass. And after many decades of service to the industry and their community, it was time to close the store and take advantage of some downtime. With three grown children who each had their own careers outside of the industry, they decided to call Wilkerson. Then, the Rysmans did what every jeweler should do: They called other retailers and asked about their own Wilkerson experience. “They all told us what a great experience it was and that’s what made us go with Wilkerson.” says Gladys Rysman. The results? Alex Rysman says he was impressed. “We exceeded whatever I expected to do by a large margin.”

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