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)