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Diamdel's February Auction 93% Sold by Lot

Mar 9, 2012 7:26 AM   By Jeff Miller
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RAPAPORT... Diamdel concluded its latest rough auction, which it calls "Diamdel Days," and observed that all major markets showed improved demand for rough goods with the greatest increase coming from buyers out of  India. Demand was also greatly improved from  Israel and Belgium. Buyers from the Asia-Pacific region maintained  steady demand in Februarydiamonds.

Diamdel offered 323 lots of rough diamonds, which included large stones, 2-carat-plus sizes, grainers, smalls and near-gem products.  Diamdel Days  was held from February 7 to 27, and ultimately engaged 165 bidders and sold 300 lots, with no single buyer winning more than 8.6 percent of the lots and 58 percent of the lots going to non-sightholders.

Growth in buyer requirements for near-gem and smaller goods  was most pronounced, according to Diamdel.

Neil Ventura, Diamdel's chief executive, said, ''The first sales of 2012 met with solid improvement in demand across all product categories and geographies. All our indicators point towards a continued, broad-based strengthening in demand in the coming weeks and into early second-quarter.''

Upcoming Diamdel Days begin March 15.

Tags: Auctions, De Beers, demand, Diamdel, diamond, diamonds, Jeff Miller
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