Arjav Auction Opens Big Window for Small Dealers
June 16, 11“The fact that many of the stones had already been through process planning on the Sarin Galaxy machine was a great boon to many small operators who otherwise don’t have access to this kind of technology,” the spokesman said, noting that successful bidders were given the process-planning CD along with the stone.
Arjav says that despite processing 90% of the diamonds that are cut and polished in India, Surat has direct access to only 10% of the rough — the rest comes through Mumbai, which acts as the importation and sorting center.
The online auction, which offered the rough diamonds in
Out of the 60 lots put up for auction — all 5 carats and above — 46 lots were sold, generating around $12.5 million. The largest stone in the auction was the 74.70 carat “Star of