Rapaport Press Release
A Total of 39,790 Carats Sell for $4,692,991

RAPAPORT... New York - September 7, 2010: The latest Rapaport Diamond Melee Auction closed on September 2, 2010, achieving 100 percent sales. A total of 39,790 carats were sold for $4,692,991.

Since the beginning of 2010, Rapaport Auctions have sold more than 260,000 carats of polished diamonds through monthly melee and single-stone auctions in New York and India. 

“Melee diamond prices reached new record highs at the latest Rapaport Diamond Melee Auction held this past week. After a slow July, there was an increase of activity and demand throughout August, stimulated by a second round of Christmas orders coming from major U.S. retailer chains, as well as a very successful India International Jewellery Show (IIJS) show, which took place in Mumbai, India. Continued, increased diamond consumption in India and the Far East have been driving prices ever since the melee market bottomed out in March 2009,” said Ezi Rapaport, the Director of Global Trading at Rapaport.

Upcoming Rapaport Polished Diamond Auctions

October  11-15     Melee
October  25-28     Single Stone and Certified Diamonds
November  15-19   Melee
December  13-16   Melee

Companies that would like to participate in Rapaport Auctions are welcome to email auctions@diamonds.net or telephone +1.212.354.9100. Trading registration and additional information, including updated schedules, is available at www.rapaportauctions.com.

The Rapaport Group operates in compliance with the U.S. Patriot Act and Office of Foreign Assets Control (OFAC) regulations and does not trade in diamonds from Marange, Zimbabwe.

About Rapaport Auctions: Rapaport Auctions create a cash market for diamonds. The large quantity and wide variety of diamonds offered attract competitive bids from a broad range of local and international buyers. Rapaport Auctions address the needs of the international diamond community for enhanced liquidity while presenting unprecedented buying opportunities to buyers.

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. 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, the provision of Internet information and diamond-trading networks, global rough and polished diamond tenders, diamond certification, quality control, compliance, shipping and financial services.

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