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Diamdel's Rough Auction Sells 251 of 256 Lots

Jun 16, 2011 7:36 AM   By Jeff Miller
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RAPAPORT... Diamdel  made  256 lots of rough available at its most recent auction, which ended on June 9, 2011. Goods offered spanned the  near-gem, small, grainer, 2-carat-plus and large stone categories. The De Beers subsidiary concluded that 157  businesses participated in the auction from  Belgium, Israel, India and Asia Pacific,  with  71 firms winning 251 lots. By value, 54 percent of the lots were sold to non-sightholders with sightholders winning the remaining balance.

Neil Ventura, chief executive of Diamdel commented, ''We continued to witness strong demand across all markets throughout this cycle of sales, especially from Belgium-based businesses. Demand was concentrated in large, 2-carat plus, grainers and smalls, rising again from the levels we saw during our previous sales cycle. Only demand for 'near-gem' products has shown some deterioration in recent weeks, although we see this as a temporary decline.''

Jonathan Whitney, director of sales for Diamdel, added, ‘‘Belgium-based businesses, particularly those who typically purchase a broad range of products in substantial volumes demonstrated the strongest demand during this round of auctions, helping them gain considerable share.’’

Tags: auction, Diamdel, diamond, Jeff Miller, rough
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