BWI: Rapaport Melee Auction Sells 43,800 carats for $6.4 million 100% of lots sold. Average Prices up 45% year to year. Rapaport Introduces Price Index for Small Melee Diamonds

Press release from Business Wire India
Source: Rapaport Group
Thursday, June 30, 2011 11:00 AM IST (05:30 AM GMT)
Editors: General: Consumer interest, Economy, People; Business: Advertising, PR & marketing, Banking & financial services, Business services, Commodities & materials, Mining companies, Retailers; Technology
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Rapaport Melee Auction Sells 43,800 carats for $6.4 million 100% of lots sold. Average Prices up 45% year to year. Rapaport Introduces Price Index for Small Melee Diamonds


New York, United States, Thursday, June 30, 2011 -- (Business Wire India) -- The Rapaport Group's latest June melee auction brought record melee prices for commercial quality small diamonds. Average prices were up 45%, year on year while medium to low quality imperfect goods increased by 70%.

The new Rapaport Melee Index (RMI) tracks average auction transaction prices for commercial quality melee. The June 2011 RMI stands at 145 up 8.2% from the March RMI of 142, and 45.5% above the June 2010 RMI of 106. Additional information about the RMI can be requested by emailing: rmi@rapaport.com.

"Rapaport Auctions provide a unique opportunity for retailers and their consumer clients to obtain fair market value for their recycled diamonds. Rapaport Auctions and Buy Now programs attract hundreds of the best international buyers and are held internationally in New York, Hong Kong, Mumbai, Surat and Ramat Gan. Our auction tender system creates an open, transparent, and competitive market that ensures buyers receive honest prices for all qualities of diamonds." said Martin Rapaport, Chairman of the Rapaport Group.

Members of the trade who wish to sell or buy diamonds at Rapaport Auctions are encouraged to email: auctions@rapaport.com. Additional information is available at www.rapaport.com/auctions .

The upcoming schedule for Rapaport Auctions is as follows: July 4-12, Mumbai; August 15-25, New York & Belgium; August 29-Sept.1, New York; September 6-13, New York & Israel and September 12-16, Hong Kong.

To participate in Rapaport Auctions, companies are invited to visit: www.rapaport.com/auctions and contact Auction Support via email: auctions@rapaport.com or by calling their local Rapaport office.

The Rapaport Group operates in compliance with the U.S. Patriot Act and 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, internet information and diamond trading networks, global rough and polished diamond tenders, diamond certification, quality- control, compliance, shipping, and financial services. Major activities of the group include the development of markets for Fair Trade Diamonds and Jewelry as well as the creation of diamond futures markets. Additional information is available at www.Rapaport.com .

This email was sent to by The Rapaport Group, 133 E Warm Springs Road, Las Vegas, Nevada, 89119. To unsubscribe, please email unsubscribe-pressrelease@diamonds.net.

Rapaport Media Contacts:

Mumbai: Mittal Kalsy, +1-91-99-2093-0080
U.S.: Michelle Ickowics, +1-917-833-8796
International: Alissa Goren, +1-718-473-0882




KEYWORDS
CONSUMER, ECONOMY, PEOPLE, MARKETING, BANKING, BUSINESS SERVICES, COMMODITIES, MINING, RETAIL, TECHNOLOGY

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