Rapaport Auctions
CORPORATE 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 October 10, 2012, New York: 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. “ The re has been a noticeable uptick in prices and trading volume for small melee diamonds following a slow summer season. The recent streng the ning 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. Upcoming Ra...