De Beers Canada has expressed its support for the Diamond Bourse of Canada, which opened in late January 2010.
The bourse is an industry led and member supported initiative, with the cooperation of the governments of Ontario and the Northwest Territories, to provide a safe, secure venue for diamond merchants to trade rough and polished diamonds.
“The time is right for the Canadian diamond industry to step up to the world stage with the Diamond Bourse of Canada,” explains Bhushan Vora, Chairman of the Diamond Bourse of Canada. “The bourse will work to set the agenda for the industry with a common vision and voice, fostering the growth and development of a strong secondary industry in a unique market that both produces and consumes rough and polished diamonds.”
The Diamond Bourse of Canada’s first order of business will be to acquire a bonded warehouse facility to provide a safe and secure venue for diamond dealers to meet, buy and sell rough and polished diamonds. Its members benefit from increased efficiency, cost savings and greater convenience via on-site and on-line access, as well as credibility in their international dealings. Services like shipping and customs will be tailor-made.
The bourse’s founding members represent a comprehensive cross-section of the Canadian diamond industry.
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