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RAPAPORT... PRESS RELEASE, March 6, 2014, New York: Rapaport Auctions will be holding its next single-stone polished diamond auction and sale in Israel during the U.S. & International Diamond Week from April 6 to 10. As the leading recycler of diamonds in the world, Rapaport expects to offer over 2,000 diamonds at the sale. Israel is a very strong supporter of the recycled market due to the expertise of its cutters who optimize the value of recut diamonds. Rapaport is pleased to be coordinating its efforts with the Israel Diamond Exchange and expects the upcoming event to attract hundreds of international buyers. The Rapaport sale will provide unprecedented opportunities for buyers to source a large quantity and wide variety of diamonds at fair market prices. “Israel’s active diamond bourse and manufacturing expertise make it an ideal market for trading diamonds. We applaud the Israel Diamond Exchange initiative and look forward to promoting trade in Israel and the global diamond market,” said Ezi Rapaport, the director of Rapaport Global Trading.
“The Israel Diamond Exchange is pleased to cooperate with the Rapaport Group and create a great trading opportunity at the U.S. & International Diamond Week in Israel. We are privileged to have the presence of this extended sale within the venue of this extraordinary week,” said Shmuel Schnitzer, the president of the Israel Diamond Exchange. The Rapaport Auction will feature a broad range of recycled diamonds as well as select diamonds direct from manufacturers offered for sale at ''Buy Now'' prices for immediate purchase. The Israel Diamond Exchange will be providing four nights of free accommodation for registered buyers. 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 +1-702-425-9088 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 Diamond Report 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 and gemological services in India, Belgium and Israel; and Rapaport Trading and Auction Services with monthly sales of over 50,000 carats. The Group employs 190 people with offices in New York, Las Vegas, Antwerp, Ramat Gan, Mumbai, Surat, Dubai, Hong Kong and Shanghai. 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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