Rapaport Press Release
RMI Jumps to 140.72

RAPAPORT... Press Release, April 2, 2012, New York: The Rapaport Melee Index (RMI) for small diamonds rebounded 14% to 140.72 in the first quarter of 2012. While prices have returned to March 2011 levels, they remain below the June 2011 RMI of 153.73.

Rapaport’s March Melee Diamond Auction sold 58,000 carats for $8.25 million. Record high prices were achieved in specific categories with strong demand from U.S. and Indian buyers supporting sales.

“We are seeing a strong rebound in prices for commercial quality melee and higher levels of liquidity after a slow second half of 2011. Traders have returned to the market bringing market prices back to levels reached last year. We are excited to have achieved record high prices in certain categories, exceeding sellers’ expectations. Rapaport Auctions continue to attract hundreds of the strongest international buyers while providing the second hand market with a competitive platform to achieve fair market value for their recycled diamonds.” said Ezi Rapaport, Director of Global Trading.price chart


 
Upcoming Rapaport Auctions:
• April 23 – May 3, New York & Belgium
• April 25 – May 1, New York & Israel
• May 14-24, New York & Belgium
• June 6-12, New York & Israel
• June 11-14, New York

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 and does not trade in diamonds from Marange, Zimbabwe.

Rapaport Media Contacts:
Mumbai: Mittal Kalsy +1-91-99-2093-0080 <>
U.S.: Michelle Ickowics +1-917-833-8796  <>
International: Alissa Goren +1-718-473-0882

About Rapaport Auctions: Rapaport Auctions provide opportunity for the diamond trade to buy and sell diamonds at cash prices.

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.



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