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RAPAPORT... PRESS RELEASE, August 28, 2014, New York ... Rapaport, the leading recycler of diamonds in the world, opened its single stone auction with over 2,000 diamonds this week. The auction platform provides thousands of retailers, pawnshops and second-hand dealers with the opportunity to achieve fair market value for their diamonds. This auction features a large variety of stones in all shapes and qualities, with sizes ranging from 0.50 carats to 11.95 carats. Viewing is taking place in Rapaport’s New York and Israel offices from August 27 to September 8.
In addition, Rapaport’s upcoming melee auction is expected to exceed 75,000 carats of a large selection of mixed, breakout and finely assorted melee diamond parcels. The auction will take place in New York from September 8 to 12 and in Hong Kong from September 14 to 18, during the Hong Kong Jewellery & Gem Fair.
“We are excited to be holding such large diamond auctions as the summer comes to a close and as the momentum of the diamond market starts picking up. There is a strong focus on the large, upcoming diamond show in Hong Kong and the approaching Christmas season,” said Ezi Rapaport, the director of Rapaport Global Trading.
Rapaport auctions provide consistent opportunities for buyers and sellers to trade diamonds at competitive, fair market value prices. The auctions draw the most serious diamond buyers and jewelry manufacturers from all the major trading centers that provide steady cash flow to suppliers from around the world.
Buyers are encouraged to register and schedule viewing appointments by visiting www.rapaportauctions.com or contacting their local Rapaport office:
U.S.: Malki Meiri +1-646-572-8554 or malki.meiri@diamonds.net
Israel: Michal Riemer +972-3-640-4131 or michal.riemer@diamonds.net
India: Manisha Mehta +91-22-6628-6503 or manisha.mehta@diamonds.net The Rapaport Group operates in compliance with the U.S. Patriot Act and OFAC regulations.
Rapaport Media Contacts: media@diamonds.net
U.S.: Michelle Ickowics +1-917-833-8796;
International: Lisa Miller +1-718-521-4976 About Rapaport Auctions
Rapaport auctions provide an excellent opportunity for the diamond trade to buy and sell diamonds at fair market value cash prices. The large quantities and wide variety of merchandise offered attract competitive bids from a broad range of international buyers. Rapaport auctions is committed to addressing the needs of the international diamond community for enhanced liquidity while presenting unprecedented buying opportunities.
About the Rapaport Group
The Rapaport Group is an international network of companies providing added value services that support the development of fair, transparent, efficient and competitive diamond and jewelry markets. Established in 1978, the Rapaport Magazine is the primary source of diamond price and market information. Group activities include Rapaport Information Services providing research, analysis and news; RapNet – the world's largest diamond trading network; Rapaport Laboratory Services provides GIA gemological services in India, Belgium and Israel; and Rapaport Trading and Auction Services specializing in recycled diamonds and jewelry. The Group supports over 20,000 clients in 118 countries and employs 200 people with offices in New York, Las Vegas, Antwerp, Ramat Gan, Mumbai, Surat, Dubai and Hong Kong. Additional information is available at www.Diamonds.net.
Martin Rapaport (Publisher) grants limited permission to use copyrighted data appearing in this press release in and in conjunction with journalistic copy, reporting or articles concerning diamond pricing and information in graph or data presentation format only. The following credit notice must appear alongside, underneath, or in close proximity to any use of the copyrighted data: “Used with permission of Rapaport USA Inc. Copyright © Martin Rapaport. All rights reserved.”
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