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RAPAPORT... PRESS RELEASE, February 26, 2014, New York: Rapaport Auctions opened its melee auction in New York this week with over 60,000 carats of diamonds. The auction consists of recycled and finely assorted premium-quality diamond parcels in all shapes, qualities and sizes and is one of the largest company auctions to date. Viewing is taking place in Rapaport’s New York office from February 25 to 27 and at the Hong Kong International Jewellery Show from March 3 to 7. Interest has been very strong for an auction of such large-scale and viewing appointments are already fully booked in both locations. “We’ve seen steady upward price trends for melee diamonds these past few months as retailers replenish inventories after holiday season sales and as manufacturers seek to fill demand. Surging rough prices are driving manufacturers to source diamonds from the recycled polished market. We are excited to be providing our suppliers with the opportunity to sell their diamonds at the largest auction at one of the most important jewelry shows of the year. With over 60,000 carats in auction, we are seeing record interest from buyers and are looking forward to very strong results,” said Ezi Rapaport, the director of global trading for the Rapaport Group. Rapaport Auctions is one of the largest recyclers 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 +1-702-833-8796
International: Lisa Miller +1-702-425-9088
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 cash prices. The large quantities and wide variety of merchandise offered attract competitive bids from a broad range of local and 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 free, fair, transparent, efficient, competitive and ethical diamond markets. Established in 1978, the Rapaport Diamond Report is the primary source of diamond prices and market information. Group activities include publishing, research and marketing services, internet information and diamond trading networks, global rough and polished diamond tenders, diamond certification, international clearing house services and fair trade development. Major activities of the group include the development of markets for Fair Trade Diamonds and Jewelry as well as the creation of diamond futures markets. Additional information is available at www.Rapaport.com.
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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