DDE Holding Sale of Rough from Kao Mine

DDEDubai: The Dubai Diamond Exchange (DDE) is hosting the Fusion/Hennig September Kao rough diamond tender for the first time.

It started on September 21 and ends on Wednesday and offers the full run-of-mine production of the Kao mine located in Lesotho.

It comprises more than 30,000 carats of rough, encompassing the full range of sizes and assortments, including large and special stones. There are also three exceptional stones: a 23-carat pink, a 35-carat yellow, and a 51-carat yellow.

Lesotho Minister of Mining, Tlali Khasu, met with Ahmed Bin Sulayem, Executive Chairman, DMCC, to discuss future opportunities.

Peter Meeus, Chairman of DDE said: “In a challenging rough market, we welcome Fusion/Hennig’s decision to reach out to its international clients from our facilities in Almas Tower. Their tenders further complete the DDE platform and it is encouraging to see leading industry players of this caliber choosing to offer a full run-of-mine production to traders in Dubai.”

Adam Schulman, CEO, Fusion Alternatives, stated: “The Kao production is a premier production from Lesotho, and part of the Fusion/Hennig Tender stable. Further extending our monthly tenders and global reach, we are delighted to now offer the Kao production at our tender in Dubai and offer clients in this emerging hub an opportunity to purchase this production.”