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Tiffany starts to purchase roughs.

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Paul Varjak

Rough_Rock
Joined
Jun 18, 2003
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14
I have run across threads stating that Tiffany does not cut thier own diamonds. While historically, they have not purchase roughs, its all changing as the company begins to supply its own diamond needs. Tiffany has begun to place orders for rough diamonds from Aber in Canada (they own 15%) as part of thier $50 million/year supply agreement and send the roughs to thier new sorting and processing facility in Antwerp for evaluation, then the select roughs go back to Tiffany''s new cutting/polishing facility in Yellowknife, Canada.

I wonder if the cost savings will be passed to the consumer...
 
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