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Rapaport to Auction Over 98,000 Carats in Hong Kong
Mar 2, 2015 3:27 AM
By Rapaport
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Press Release: Rapaport Auctions, the leading recycler of diamonds in the world, will be opening its melee auction in Hong Kong on March 2 with over 98,000 carats of diamonds. The auction consists of recycled and finely assorted premium-quality diamond parcels in all shapes, qualities and sizes sourced from thousands of retailers, pawnshops and refineries from around the world.
Viewing is taking place at the AsiaWorld-Expo in Hong Kong from March 2 to 5. The wide variety of merchandise offered and the opportunity for buyers to purchase such large quantities of diamonds has generated strong buyer interest. Viewing is by appointment only and limited spaces are available.
"We are excited to be auctioning a record quantity of diamonds and providing our suppliers with a unique opportunity to sell their diamonds at one of the largest jewelry shows of the year. With rough prices considered to be artificially high we are seeing strong demand for recycled diamonds in our auctions. While there has been a slight uptick in market activity after a weak third and fourth quarter, all eyes are on the Hong Kong show as it will play a determining role for the trend in the second quarter," said Ezi Rapaport, the director of global trading at Rapaport Group.
Rapaport Auctions is the leading recycler of diamonds in the world and provides 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 who provide a steady cash flow to suppliers from around the world.
To participate in Rapaport Auctions, companies are invited to visit: www.rapaportauctions.com, contact Auction Support via email: auctions@rapaport.com or call their local Rapaport office.
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
Mumbai: Mittal Kalsy +91-97699-30065
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.
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Tags:
auction, Hong Kong, melee, Rapaport, Rapaport Auctions
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