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Diamdel's July Rough Auction Sells All 410 Lots

Diamond Demand, Prices Continue to Rise

Jul 28, 2011 10:46 AM   By Jeff Miller
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RAPAPORT... Diamdel sold all 410 rough diamond lots during its recent auction that ended on July 14. Goods on offer spanned near-gem quality, small sizes, grainers, 2-carat plus,  and large product categories.  Diamdel stated that 189 businesses took part in the July auction and  89 of those firms won lots. Fifty-five percent of lots, by value, were sold to those who were not Diamond Trading Company (DTC) sightholders while 45 percent of the lots were won by sightholders.

During this recent auction, Diamdel  launched a new way in which customers were able to express their demand for different quantities of  product to meet their business requirements.

Jonathan Whitney, director of sales and marketing for Diamdel, said, ''Prices on comparable product sales rose further across all product ranges, with the greatest gains realized in the ‘smalls’ and ‘grainers’ product categories.''

In terms of  market demand,  Neil Ventura, the chief executive of Diamdel, explained that near term demand will remain robust,  but may moderate  as the ''dual challenges of persistently high unemployment in developed economies, and inflation in emerging markets, temper demand.''

Tags: Auctions, Diamdel, diamonds, Jeff Miller, rough
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