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Rough Diamond Tender
SUPERKOLONG
Exceptional Large
New York: 10 -13 November, 2015
Ramat Gan: 15 -18 November, 2015
Antwerp: 23 November - 2 December, 2015
Fusion/Hennig Tenders
presents
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Superkolong - Kimberley, South Africa
Superkolong is a diamond tailings treatment operation based in Kimberley South Africa. It is a shareholder of the Kimberley Miners Forum (KMF) which purchased a large volume of Tailing Material Resource (TMRs) from De Beers in 2008. Superkolong currently has access to treat 39.4% of the TMRs held by the KMF.
Superkolong was purchased by Batla Minerals SA in February 2013 and at the time was averaging 130,000 tons per month of TMR through its plant. After a significant investment of money and time the production levels at Superkolong have been increased to a current average of over 200,000 tons per month. The current installed plant capacity is 8,000 tons per day. During its 2014/2015 financial year Superkolong treated 2,221,741 tons of TMR and recovered 110,429 carats. For the first 6 months of the current financial year Superkolong has treated 1,393,421 tons of TMR and recovered 61 119 carats.
Batla Minerals SA CEO comments, ”We are very excited about the recent discovery of this Exceptional Large Fancy Yellow Diamond, which provides yet further validation of the project’s viability. As a group, Batla is very proud of the excellent operational performance at Superkolong over the past 12 months and the project’s ability to produce these stellar stones provides us with great encouragement for the ongoing prospects of this project.”
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Superkolong Exceptional Large Fancy Yellow128.18 carats
The Superkolong Exceptional Large Fancy Yellow diamond was recovered by Batla Minerals SA, at their Superkolong diamond tailings plant in Kimberley, South Africa.
This exceptional and rare yellow diamond is a 128.18 carat stone with exceptional gemological characteristics.
LOT # SIZE CATEGORY DESCRIPTION # STONES TOTAL CARATS $/PPC TOTAL BID USD NOTES
1 +100 carats Yellow 1 128.18
Disclaimer: Catalog descriptions are a guideline only. No covering stones with white fluid
FUSION ALTERNATIVES IN COOPERATION WITH I.HENNIG & CO.DIAMOND TENDERSUPERKOLONG EXCEPTIONAL LARGE FANCY YELLOW DIAMOND STONE ROUGH TENDER 2015
USA - New York: 10-13 November, 2015Israel - Ramat Gan: 15-18 November, 2015
Belgium - Antwerp: 23 November - 2 December, 2015
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Bidding online at www.fusionalternatives.com:
1. Log in with your username and password.
2. On the Dashboard page, click on the “Manage Bids” button on the banner for the tender that you’re attending.
3. Enter Bid Limit if required (top left).
4. Enter your bids for each lot in the space provided. You may enter either the $/PPC or the Total $ amount.
5. Use the checkboxes to indicate preferred lots if you have a bid limit.
6. Click on “Save Bids” button at top or bottom of table to save entered bids at any stage. You will receive an email confirmation of bids received.
7. Bids can be edited and saved as many times as you wish until tender closes.
8. Catalog may be exported as a CSV/Excel or printed using the icons at top right of the table.
Checking tender results online after tender close:
1. Log in with your username and password.
2. On the Dashboard page, click on the “Final Results” button on the banner for the tender that you attended.
3. The catalog will display with a summary of your wins at the top of the table (how many lots won, total value won).
4. The table displays your bid PPC and Total per lot in the 3rd and 4th columns from right, alongside the final sell amount per lot, and an indication of whether you were the winning bidder (YES/NO).
5. Results may be exported as a CSV/Excel or printed using the icons at top right of the table.
Bidding & Viewing Results Online
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Tender Terms & Conditions
1. Confidentiality. The identity of all Bidders and the amount of each Bid shall remain confidential to Fusion Alternatives. However, if necessary, Fusion Alternatives may disclose such information to I Hennig & Co Ltd and its subsidiary companies (together “Hennig”). Hennig has agreed with to Fusion Alternatives to keep all such information, confidential. Bidders agree not to disclose their Bids to third parties or coordinate their Bids with any other Bidders or third parties.
2. Warranties. All Goods are sold As-Is. No guarantees or warranties are made as to the quality, origin, physical characteristics or any other aspect of the Goods. While some of the Lots may have been sieved and sorted and marked as such by the Seller, Bidders and Buyers are specifically put on notice that the Goods offered for sale may have been second-hand public, recycled, closeouts and/or pre-owned jewelry by the public and that treated, laser drilled or simulant stones might be mixed in with Lots. Any descriptions of Goods made by Fusion Alternatives personnel or its agents are merely general and not a guarantee of the nature, origin, size or quality of the Goods. It is the responsibility of the Bidder to adequately examine all Lots before making any Bids. Bidders should make a full and detailed inspection of all Goods before bidding.
3. Viewing. Viewing is by appointment only. Unless otherwise approved, viewing is limited to one (1) visit by a maximum of two (2) representatives per Bidder. All parties viewing Goods will be required to register and have valid identification. Fusion Alternatives and/or Hennig acting on behalf of Fusion Alternatives, reserve the right to monitor viewing with video surveillance cameras, limit viewing to select pre-qualified parties, and reasonably restrict viewing. No party shall have any diamonds on their person or in their possession when entering, exiting or in the viewing rooms.
4. Bidding. Permission to bid is granted at the sole discretion of Fusion Alternatives and subject to approval by Fusion Alternatives. All Bidders must provide relevant Anti-Money Laundering (AML) and Know-Your-Client (KYC) documentation upon request by Fusion Alternatives. Fusion Alternatives reserves the right to require Bidders to pay a deposit (wire transfer) equal to 10% of their total Bid. This deposit will be refunded to unsuccessful Bidders within 2 business days after the Tender Close. All Bids submitted via the online system are considered to be final and non-negotiable after the specified Tender Close. Any Bid withdrawals will be subject to a ten percent (10%) penalty fee based on the total value of the submitted bid. All Bids must be submitted via the online bidding platform located at www.fusionalternatives.com in accordance with the Online Bidding Instructions. If two or more Bidders submit identical acceptable Bids, the top bidders will be notified within a reasonable time after the Tender Close and be given the opportunity to increase their bids. Should they choose to increase their bids they will have to state the new bid in an email to [email protected] stating the relevant Lot number, total carat weight, price per carat new bid and total new bid with 1 hour of being notified. All Bids are in total US dollars per Lot. No Bids will be accepted after the Tender Close deadline. Fusion Alternatives, in its sole discretion, reserves the right to limit viewing of the Goods and reject Bids from any Bidder for any reason. In addition, Fusion Alternatives reserves the right to refuse to sell any particular Lot if the highest bid received is deemed by Fusion Alternatives and/or the Seller, in their sole discretion, to be insufficient.
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5. Taxes. Where applicable, all Bidders are to provide a copy of their VAT registration or Sales Tax Registration and Reseller certificate (as applicable).
6. Opening of Bids. All Bids will be opened and recorded by Fusion Alternatives after Tender Close. Although all bidders will be notified of the Tender Results, it is the responsibility of the Bidder to check the results on the online bidding platform.
7. Total Bid Limit. Bidders wishing to limit their total purchases may specify a maximum they wish to spend in the Tender. Once this maximum has been reached all additional Bids from this Bidder will be voided. If no maximum Bid is specified, then all Bids are deemed valid. Bidders may stipulate the Lots they wish ‘first to last’ in order of preference.
8. Notification and Invoicing. Fusion Alternatives will publish the tender results on the online tender platform no later than 6 business days after Tender Close and issue (or instruct Hennig to issue) an invoice no later than 7 business days after Tender Close. Bidders must provide names of contact persons and email, telephone or fax notification numbers on the Bidding Forms where they can be reached on the following 14 Business Days after the Tender Close.
9. Payment. Full payment must be made by bank wire transfer, no later than 2 business days after the date on which the invoice is issued. Payment must be made to the bank account detailed on the invoice. No Goods will be delivered to the Buyers unless Fusion Alternatives confirms full payment has been received. If payment is not made, Fusion Alternatives reserves the right to cancel the Bid. All sales are final and no returns are accepted after delivery under any circumstances. Should the Buyer wish to change the entity to which the Sales Invoice is to be issued it will be subject to an Administration Fee of $50 per change. Fusion Alternatives reserves the right to include a $25 administration fee should the bank wire transfer originate from a country other than the country in which the funds will be received.
10. Default. In the event that a successful Bidder defaults on a purchase by not making payment within 2 business days after the date on which the invoice is issued, the Bidder will forfeit all rights to any Lots purchased, lose any Bid deposit and be required to pay a 10% Bid default penalty fee. In the event of default, Fusion Alternatives at its sole discretion reserves the right to cancel the Bid(s), and/or take legal action against the defaulting Bidder and/or offer the relevant Lots to the second best Bidder who is under no obligation to accept the Lots, so offered.
11. Dispute or Error. In the event of any dispute, error or any other reason deemed necessary by Fusion Alternatives, Fusion Alternatives in its sole discretion reserves the right to withdraw any Lot from the Tender and/or refuse any Bid or cancel any sale. If Fusion Alternatives withdraws any Lot or cancels any sale, the Bidders agree to waive any claims and not to institute any legal action against Fusion Alternatives and/or against each other. Bidders agree that all decisions by Fusion Alternatives (or by Hennig on behalf of Fusion Alternatives) regarding any disputes in connection with the Tender will be final and acceptable to Bidders.
12. Delivery, Title and Ownership. Title to and ownership of the Goods will only pass to the Buyer after full-unrestricted payment is received by (or on behalf of) Fusion Alternatives and confirmed by Fusion Alternatives. Upon confirmation of receipt of funds, the Goods will be available for collection by the Buyer from the relevant Premises or on the instructions and at the cost to the Buyer may be shipped by Fusion Alternatives (or by Hennig on behalf of Fusion Alternatives) to the Buyer at the Buyer’s expense. Buyers that have not taken possession (either collection or shipping) of the Goods within 7 business days of Tender Close, will be charged reasonable insurance and storage fees.
13. Insurance. All Goods on the Premises will be insured at all times. Subject to this paragraph, there is no charge to the Buyer for this insurance. After the Tender Close, all purchased Goods that remain on the Premises will be insured at all times. There is no charge to the Buyer for this insurance for the first 7 business days after Tender Close.
14. Shipping Fees. If the Buyer requests shipment of purchased Goods after the Tender and Fusion Alternatives (or Hennig on behalf of Fusion Alternatives) agrees to make the shipment, the Buyer shall pay in advance all shipping, insurance and reasonable handling fees for shipment to the Buyer’s specified delivery location.
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15. Liability. By participating in the Tender, Bidders and Buyers: (a) are deemed to agree to all the Tender Terms & Conditions; and (b) specifically hereby agree that: (i) any and all claims by Bidders or Buyers against Fusion Alternatives (and/or Hennig) shall be limited to the return of any money paid by the Buyer for the Lot in question; (ii) Neither Fusion Alternatives nor Hennig nor any third parties shall be liable to any Bidder or Buyer for any direct, secondary or incidental loss or damage resulting from the withdrawal of any Lot or rejection of any Bid; (iii) Neither Fusion Alternatives nor Hennig will have any obligation of any nature whatsoever to Buyers or Bidders other than to deliver the purchased Goods to successful Buyers after all conditions, including full payment, have been met.
16. Conflict of Interest. Neither Fusion Alternatives nor Hennig nor any third party acting on behalf of Fusion Alternatives or Hennig will bid on any Lot offered for sale in the Tender.
17. Conduct. All Bidders and Buyers agree to conduct themselves in a business-like manner; to maintain the privacy, security and confidentiality of other Bidders and Buyers; to follow all instructions of Fusion Alternatives (or Hennig on behalf of Fusion Alternatives) regarding the handling of Goods and to respect and honour the strong traditions of honesty and integrity in the diamond industry.
18. Anti Money Laundering/Patriot Act. All Bidders and Buyers will provide Fusion Alternatives, with all documentation reasonably requested by Fusion Alternatives in order that Fusion Alternatives can fully comply with all anti-money laundering laws and regulations under the applicable laws of all relevant jurisdictions. The documentation will include (but not necessarily be limited to) a copy of one of the following forms of identification: driving license, passport, identity card, sales tax registration or other government issued license or registration document and where relevant, corporate constitutional documentation.
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About Us
Fusion Alternatives (www.fusionalternatives.com) is a forward-thinking and innovative company providing strategic services to the diamond, jewelry and affiliated industries. Fusion Alternatives is the leading specialist in operating international Diamond Tenders.
I. Hennig & Co. Ltd (www.ihennig.com) was founded in 1890 and is the world’s oldest and largest international diamond broking and consulting group. We operate offices and facilities in 10 Diamond centres across 4 continents.
With Headquarters in London and 10 offices and facilities located in world’s major diamond centres, Hennig and Fusion have intimate knowledge and relationships with the world’s most capable diamond manufacturers and traders. This position gives us the unparalleled ability to optimise the match between the footprint of every diamond supply from any source with the specific buyers that will add the most value to any range of goods.
Hennig and Fusion consults specifically to the Diamond Industry. Our global consultancy covers all elements of the Diamond pipeline, from Governments and producers, to rough dealers, cutters and polishers, all the way to retailers including some of the world’s major vertically integrated Diamond jewellery retail chains.
In addition, Hennig and Fusion have the ability to offer turnkey projects which include valuation, assortment, client selection and tendering and mine off-take agreements. These attributes put us in a unique position to understand both the macro and micro trends within the Diamond Pipeline and help our clients proactively respond to the constantly changing climate of our industry.
We take pride in our reputation for integrity and independence within the industry.
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Contact Us
Offices: Antwerp: + 32 3 808 1120 New York: +1 646 484 9972 Ramat Gan: +972 3 751 1287 Johannesburg: +27 11 334 2820 Mumbai: +91 22 2285 6353 London: +44 20 7183 0244
Appointments: [email protected]
Customer Service: Rough: [email protected]
Polished: [email protected]
General: [email protected]
www.fusionalternatives.com
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