Advanced Search

Diamdel's February Auction 93% Sold by Lot

Mar 9, 2012 7:26 AM   By Jeff Miller
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... Diamdel concluded its latest rough auction, which it calls "Diamdel Days," and observed that all major markets showed improved demand for rough goods with the greatest increase coming from buyers out of  India. Demand was also greatly improved from  Israel and Belgium. Buyers from the Asia-Pacific region maintained  steady demand in Februarydiamonds.

Diamdel offered 323 lots of rough diamonds, which included large stones, 2-carat-plus sizes, grainers, smalls and near-gem products.  Diamdel Days  was held from February 7 to 27, and ultimately engaged 165 bidders and sold 300 lots, with no single buyer winning more than 8.6 percent of the lots and 58 percent of the lots going to non-sightholders.

Growth in buyer requirements for near-gem and smaller goods  was most pronounced, according to Diamdel.

Neil Ventura, Diamdel's chief executive, said, ''The first sales of 2012 met with solid improvement in demand across all product categories and geographies. All our indicators point towards a continued, broad-based strengthening in demand in the coming weeks and into early second-quarter.''

Upcoming Diamdel Days begin March 15.

Tags: Auctions, De Beers, demand, Diamdel, diamond, diamonds, Jeff Miller
Similar Articles
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2020 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.