Sunday, January 24, 2021

Fusion alternatives tender Guiter goods in Antwerp

Fusion Tenders, in cooperation with I. Hennig & Co, said on Monday it successfully tendered the Guiter production from Guinea in West Africa.

In an e-mailed statement to The Telegraph, the company said all 26 lots offered, a total of 5,724 carats, were sold by sealed bid tender at an average price of $392 per carat.

Fusion Alternatives CEO, Adam Schulman said, “We are pleased to have been chosen by Guiter as their preferred partner to market their goods in Belgium, and we see this result as a further endorsement of our high levels of service to the Diamond industry.”

Ansoumane Kaba, President Director General of Guiter, said they were very excited to bring the first Guiter production to Antwerp.

“We hope to see volumes grow as we develop our mining activities in Guinea. We are very proud of what we have achieved at Guiter and that we have raised awareness of Guinea as a positive environment in which to do business both at home and internationally,” Kaba said.

“The production from Aredor is back in the market and despite the current weakness of the market we are happy with the prices we achieved.”

Ari Epstein, CEO of ADWC noted ‘We are delighted Guiter has chosen Antwerp to market their goods we hope this is the start of a long relationship between Antwerp and Guinea. This new supply confirms once again one of the key points that we defined in the Antwerp Diamond Masterplan: to reinforce Antwerp’s leading position as the world’s main hub for rough trading.’

Guiter, a very well established business in Guinea, has recently moved into Diamond mining. Guiter have invested in what was once called the Aredor mine which has not been operational for over 10 years.

Fusion Alternatives is a forward-thinking and innovative company providing strategic services to the diamond, jewellery and affiliated industries. Fusion Alternatives is the leading specialist in operating international Diamond Tenders.

Founded in 1890, I. Hennig & Co. Ltd is the world’s oldest and largest international diamond broking and consulting group. We operate offices and facilities in 8 Diamond centres across 4 continents. Hennig represents the largest group of DTC Sightholders in their dealings with the DTC, the principal rough diamond distribution arm of De Beers Group. Working together, Hennig and Fusion have the ability to offer turnkey projects which include diamond valuing, assorting, tendering, and client selection.

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