The company Rapaport, the world's largest dealer of used diamonds, last week opened an auction of diamonds, which exhibited more than 2,000 lots, consisting of single stones. The auction site provides thousands of retailers, pawnshops and diamond re-sale dealers the opportunity to market their goods at fair market prices, Rapaport said in a press release. At the auction a wide range of diamonds of different shapes and types of cut diamonds from 0.5 to 11.95 carats is presented. The lot is inspected at the offices of Rapaport in New York and Israel from August 27 to September 8.
In addition, the report says that 75,000 carats of diamonds of different quality will be put up for the forthcoming auction of "mele" diamonds. The auction is scheduled from 14 to 18 September during the Hong Kong Jewelery & Gem Fair.
"We are looking forward to these major diamond auctions, as the summer comes to an end, and the market is becoming lively. We have high hopes for a major Hong Kong exhibition and the upcoming Christmas season, "said Rapaport Global Trading director Ezi Rapaport.