NEW YORK--(BUSINESS WIRE)--Rapaport Auctions, the world’s leading recycler of diamonds, opened its diamond auction in Hong Kong this week. More than 110,000 carats of melee and over 1,450 certified diamonds will be offered for sale to hundreds of buyers. Rapaport’s Melee Diamond auction offers a broad range of recycled and finely assorted premium quality diamond parcels and the Single Stone auction features certified diamonds in all shapes, sizes, and qualities. All recycled diamonds are sourced from retailers, pawnshops and refineries from around the world.
Viewing is taking place at the SkyCity Marriott Hotel near AsiaWorld-Expo in Hong Kong from September 10-17. The wide variety of merchandise offered and the opportunity for buyers to purchase such large quantities of diamonds has generated overwhelmingly positive interest. Buyers are invited to contact Rapaport to schedule an appointment. Viewing is by appointment only and limited spaces are available.
“We are excited to be holding a Melee and Single Stone auction in Hong Kong at one of the largest jewelry shows of the year. This creates a unique win-win opportunity providing suppliers with a platform to maximum exposure for their diamonds and buyers with the ability to view a large quantity and variety of diamonds sourced from all over the world. Although wholesale inventories have risen these past few months, demand in the Far East market has improved and we are seeing a healthy appetite to buy as the holiday season approaches,” said Ezi Rapaport, Director of Global Trading, Rapaport Group
The Rapaport Group operates in compliance with the U.S. Patriot Act and OFAC regulations.
About Rapaport Auctions: Rapaport Auctions is the leading reseller of diamonds globally and provides an excellent opportunity for the diamond trade to buy and sell diamonds at fair market value cash prices. The large quantities and wide variety of merchandise offered attract competitive bids from a broad range of 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 ethical, transparent, competitive and efficient diamond and jewelry markets. Established in 1978, the Rapaport Price List is the primary source of diamond price and market information. Group activities include Rapaport Information Services, Rapaport Magazine, and Diamonds.net, providing research, analysis and news; RapNet – the world’s largest diamond trading network; Rapaport Laboratory Services provides GIA gemological services in India, Belgium and Israel; and Rapaport Trading and Auction Services specializing in recycled diamonds and jewelry. The Group supports over 20,000 clients in 121 countries and has offices in New York, Las Vegas, Antwerp, Ramat Gan, Mumbai, Surat, Dubai and Hong Kong. Additional information is available at www.Diamonds.net.
Copyright 2017 © Rapaport USA. All rights reserved.