NEW YORK--(BUSINESS WIRE)--The latest Rapaport Diamond Melee Auction closed on September??2,
2010,??achieving 100%??sales. A total of 39,790 carats were sold for
$4,692,991.
Since the beginning of 2010, Rapaport Auctions have sold over 260,000
carats of polished diamonds through monthly melee and single stones
auctions in New York and India.
???Melee diamond prices reached new record highs at the latest Rapaport
Diamond Melee Auction held this past week. After a slow July there was
an increase of activity and demand throughout August, stimulated by a
second round of Christmas orders coming from major U.S. retailer chains,
as well as a very successful IIJS show which took place in Mumbai,
India. Continued increased diamond consumption in India and the Far East
have been driving prices ever since the melee market bottomed out in
March 2009,??? said Ezi Rapaport, Director of Global Trading at Rapaport.
Upcoming Rapaport Polished Diamond Auctions
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October
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11-15
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Melee
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October
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25-28
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Single Stone and Certified Diamonds
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November
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15-19
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Melee
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December
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13-16
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Melee
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Companies that would like to participate in Rapaport Auctions are
welcome to email auctions@diamonds.net
or telephone +1-212-354-9100. Trading registration and additional
information including updated schedules is available at www.rapaportauctions.com.
The Rapaport Group operates in compliance with U.S. Patriot Act and OFAC
regulations and does not trade in diamonds from Marange, Zimbabwe.
About Rapaport Auctions: Rapaport
Auctions create a cash market for diamonds. The large quantity and wide
variety of diamonds offered attract competitive bids from a broad range
of local and international buyers. Rapaport Auctions address the needs
of the international diamond community for enhanced liquidity while
presenting unprecedented buying opportunities to buyers.
About the Rapaport Group: The
Rapaport Group is an international network of companies providing added
value services that support the development of free, fair and
competitive global diamond markets. Established in 1978, the Rapaport
Diamond Report is the primary source of diamond prices and market
information. Group activities include publishing, research and marketing
services, internet information and diamond trading networks, global
rough and polished diamond tenders, diamond certification,
quality-control, compliance, shipping, and financial services.