Diamdel’s February Auction 93% Sold by Lot

diamondsDiamdel concluded its latest rough auction, which it calls “Diamdel Days,” and observed that all major markets showed improved demand for rough goods with the greatest increase coming from buyers out of India. Demand was also greatly improved from Israel and Belgium. Buyers out of the Asia-Pacific region show just steady demand in February.

Diamdel offered 323 lots of rough diamonds, which spanned large, 2-carat-plus sizes, grainers, smalls and near-gem products. Diamdel Days was held from February 7 to 27, and ultimately engaged 165 bidders, sold 300 lots with no single buyer winning more than 8.6 percent of the lots sold and resulted in 58 percent of the lots going to non-sightholders.

Growth in buyer requirements for near-gem and smalls were most pronounced, according to Diamdel.

Neil Ventura, Diamdel’s chief executive, said, ”The first sales of 2012 met with solid improvement in demand across all product categories and geographies. All our indicators point towards a continued, broad-based strengthening in demand in the coming weeks and into early second-quarter.”

Upcoming Diamdel Days begin March 15.

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