How do sightholders purchase diamond rough?

How do sightholders purchase diamond rough?

• A. Submitting online public bids through auctions
• B. Attending invitation-only trading events
• C. Receiving shipments directly from mining operations at fixed prices
• D. Purchasing through a standard open market

Answer: (B)

Access is restricted to a select group through invitation-only events known as sights. In the diamond trade, producers schedule regular sight sessions where approved buyers (sightholders) are invited to view and select from rough diamond lots tailored for them. This private, invitation-based process contrasts with public auctions or open-market purchases and reflects the long-term relationships and allocations arranged between the producer and the sightholders.

Access is restricted to a select group through invitation-only events known as sights. In the diamond trade, producers schedule regular sight sessions where approved buyers (sightholders) are invited to view and select from rough diamond lots tailored for them. This private, invitation-based process contrasts with public auctions or open-market purchases and reflects the long-term relationships and allocations arranged between the producer and the sightholders.