Global demand remains strong at Diamdel auctions with record sales to Asia Pacific and Indian based businesses.

Diamdel made 218 lots available to participants at its second cycle of auctions, held between April 13 and May 3.

The opportunity for more customers to buy more products at market determined prices continued to attract strong levels of participation from registered businesses across all markets.

161 different businesses based in Belgium, Israel, India and Asia Pacific bid at these auctions, with 72 different diamond companies winning lots. All lots were sold. While sales to larger diversified buyers fell back, sales to specialist buyers focusing on a narrow range of products rose to record levels. No single buyer won more than 17 lots (8%).

By value, 68% of lots were sold to non-Sightholders, with Sightholders winning 32%. From a product perspective demand remained strong across the board with price growth witnessed in +2 ct, Grainers and Smalls ranges. Prices for the Near Gem and Large ranges stabilized.

Diamdel CEO Neil Ventura commented, "Whilst global demand fell back slightly from recent record highs, most notably from Antwerp and Israel-based buyers, demand across all markets did remain at higher levels than at any point in 2010… We continue to anticipate strong demand across all product ranges in the near term."