Diamdel’s fifth auction sold 410 lots

Diamdel hosted its fifth auction of rough diamonds between 28th June and 14th July 2011, in which it added a new advantage to the customers, allowing them to express their demand for different quantities of each product to meet their business requirements. There were 410 lots sold at the auction including Near Gem, Smalls, Grainers, +2ct and Large product categories. Participation was strong at the auction, including 189 businesses based in Belgium, Israel, India and Asia Pacific. The winning lots were won by 89 different companies winning the 410 lots.

Jonathan Whitney, Director of Sales and Marketing commented, ‘‘Prices on comparable product sales rose further across all product ranges, with the greatest gains realised in the ‘Smalls’ and ‘Grainers’ product categories’’. No single buyer won more than 37 lots (9 percent) from the 410 made available. By value, 55 percent of the lots were sold to non-Sightholders with Sightholders winning 45percent.

Neil Ventura, CEO of Diamdel said, ‘‘near term demand looks set to remain robust but may moderate in the medium term, as the dual challenges of persistently high unemployment in developed economies, and inflation in emerging markets, temper demand’’.