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The Private Reserve
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What is a "Site Sale" and when do they occur?Simply put, a "site sale" is the term used by the industry to refer to when the DeBeers Diamond Trading Company (DTC) offers uncut diamond rough for sale to a specific list of diamond manufacturers. These manufacturers are the "cutters" who produce the diamonds that we offer for sale on our Private Reserve. The diamond manufacturers authorized by The DTC to buy diamond rough at the site sales are known as "site holders". At the beginning of 2003 there were approximately one hundred site holders authorized to buy diamond rough from DeBeers, however the DTC changed their marketing strategy in June of 2003 and initiated their "Supplier of Choice" (SOC) program. The DTC revoked the charter of many of the site holders and the actual number of SOC Site Holders is presently unknown. Over the years, the number of site holders has varied from approximately fifty to one hundred companies. This is a
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Once the Suppliers of Choice complete
their transaction with The DTC, the diamond rough will be transported to
their manufacturing facilities via armored transport. Once the
diamond rough arrives at the cutting facility, it will be sorted to
determine how best to use each piece of the rough to maximize the yield
and profit from each piece... Then the cutting process begins...
Several weeks later, the finished diamonds will be sent to the various
diamond grading laboratories for grading and then the process of selling
the diamonds to vendors like ourselves begins... From start to
finish, it will take about eight weeks for the new diamond production to
reach the public market. February: Monday 16th to Friday 20th March: Monday 22nd to Friday 26th April: Monday 26th to Friday 30th June: Tuesday 1st to Friday 4th July: Monday 5th to Friday 9th August: Monday 16th to Friday 20th September: Monday 20th to Friday 24th October: Monday 25th to Friday 29th November: Monday 29th to Friday 3rd December: no sale scheduled. Most of the diamond manufacturers will stop production in the middle of the month and will not re-open until the middle of January so that they may spend the holidays with their families.
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