De Beers Group Auction launches new auction portal

An employee sorts rough diamonds at the Namibian diamond processing and valuation center. Bloomberg
JOHANNESBURG – De Beers Group Auction, a subsidiary of diamond firm De Beers, on Tuesday announced the launch of its new auction portal as it aims to improve customers bidding experience amid a difficult market.
De Beers Group Auctions sells about 10 percent of its production through its online auctions. It has buyers from more than 900 registered companies accessing its auctions.
“The portal harnesses cutting-edge technology and incorporates a range of valuable insights garnered from customer feedback, it said in a statement.

Source: iol.co.za