The Rapaport auction results exceeded expectations

Rapaport Auctions, a leading dealer of recycled diamonds, sold more than 83 000 carats of precious stones for $ 12.5 million in the jewelry exhibition in Hong Kong in March.
Auctioneer sold lots of more than 87% by volume.
Hundreds of parties and processed meticulously sorted high quality diamonds of all shapes and sizes were obtained from retailers, pawn shops and refining plants worldwide.
Prices for polished diamonds, "chalk" and the small size of the stones of low and medium quality improved significantly, rising by 13.3%, as increased demand from China has provided much needed liquidity and stability in the market.
The improved market conditions and a critical mass of diamonds sold at auction at market leading attracted buyers.
"The Rapaport auction results exceeded expectations. With the improvement in the East demand and the Indian diamond market, are well adapted to the demonetization, the industry has sought to trading after a long period of uncertainty and liquidity constraints. Prices of small stones" chalk "jumped more than 13% in the last a couple of months after falling to a 7-year low in December. We are proud to fulfill our mission to achieve a fair market price for our suppliers and customers, provide them with the largest area in the world at auction for diamonds, "- said Eyzies Rapaport (Ezi Rapaport), director of the global trade in the Rapaport Group.
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