CEO Dan Mano explains why RapNet became Rapaport Trade – and how the Price List will become truly transparent.
Category: Rough
Country records $3.6 million in output despite weak market and sanctions.
Like for like down 3.8% in tender 7 compared to previous sale.
Revenue from fifth sight down 18% from last cycle and 31% year on year.
Fourth cycle total down 21% year on year and 15% from April.
Like-for-like at sixth tender falls 2.6% from previous sale.
Total prices achieved for goods at sale surpassed reserve by 17%.
Reductions aren’t enough to ease profitability concerns, sightholders say.
Relocation from Singapore will bring business under same roof as sightholder sales.
Revenue from rough diamonds rises from last sight, still falls 18% from a year ago.
Nearly all lots sold at auction, which garnered total of $19 million.