Wednesday, October 10, 2012

Rapaport Auctions Reports Record September Sales

Rapaport Auctions, the largest auction market for recycled diamonds, reported strong activity for the third quarter of 2012 with sales of 82,260 carats for $14.3 million. Melee prices stabilized, increasing 3 percent after a decline of 13 percent in the second quarter. Single stone sales were better than expected with steady demand from Israeli dealers.

“There has been a noticeable uptick in prices and trading volume for small melee diamonds following a slow summer season. The recent strengthening of the Rupee and expectations for a reasonably good U.S. holiday season improved demand and stabilized prices for a broad range of commercial and promotional quality diamonds at popular price points.” said Ezriel Rapaport, the director of Rapaport Global Trading.
Upcoming Rapaport Auctions:

October 15 - 24, New York & Belgium (Melee)
October 17 - 24, New York & Israel (Single Stone)
November 14 - 21, New York & Israel (Single Stone)


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