BWI: Rapaport Auctions Reports Record September Sales 82,260 Carats Sold for $14.3 Million

Press release from Business Wire India
Source: Rapaport Group
Thursday, October 11, 2012 10:35 AM IST (05:05 AM GMT)
Editors: General: Consumer interest, Economy, People; Business: Business services, Commodities & materials, Major diversified industrial groups, Retailers
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Rapaport Auctions Reports Record September Sales 82,260 Carats Sold for $14.3 Million
Rapaport Melee Diamond Index Up 3% to 126.37 in Q3

New York, United States, Thursday, October 11, 2012 -- (Business Wire India) -- Rapaport Auctions, the largest auction market for recycled diamonds, reported strong activity for the third quarter of 2012 with sales of 82,260cts. for $14.3 million. Melee prices stabilized, increasing 3% after a decline of 13% in Q2. Single stone sales were better than expected with steady demand from Israeli dealers.

"There has been a noticeable uptick in prices and trading volume for small melee diamonds following a slow summer season. The recent strengthening of the Rupee and expectations for a reasonably good U.S. holiday season improved demand and stabilized prices for a broad range of commercial and promotional quality diamonds at popular price points." said Ezriel Rapaport, Director of Rapaport Global Trading.

Rapaport Melee Index (RMI)

Upcoming Rapaport Auctions:

-- October 15 - 24, New York & Belgium (Melee)
-- October 17 - 24, New York & Israel (Single Stone)
-- November 14 - 21, New York & Israel (Single Stone)

To participate in Rapaport Auctions, companies are invited to visit: www.rapaportauctions.com , contact Auction Support via email: auctions@rapaport.com or call 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 provide an excellent opportunity for the diamond trade to buy and sell diamonds at cash prices. The large quantities and wide variety of merchandise offered attract competitive bids from a broad range of local and international buyers. Rapaport Auctions is committed to addressing the needs of the international diamond community for enhanced liquidity while presenting unprecedented buying opportunities.

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 .

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http://www.BusinessWireIndia.com/attachments/Rapaport_Melee_Index_(RMI)(1).pdf
Rapaport Melee Index


CONTACT DETAILS
Michelle Ickowics (U.S.), Rapaport, +1-917-833-8796
Shira Topiol (International), Rapaport, +1-702-425-9088
Manisha Mehta (Mumbai), Rapaport, +91 9769930065

KEYWORDS
CONSUMER, ECONOMY, PEOPLE, BUSINESS SERVICES, COMMODITIES, GROUPS, RETAIL

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