Rapaport India, the leading Mumbai-based diamond trading and information services company, launched India's first-ever rough diamond tender yesterday. | |
| The launch marks the company's trading operations in India. Indian buyers started viewing rough diamonds this morning. The tender will conclude on January 13, 2004. |
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| Martin Rapaport, chairman of the Rapaport Group, said "This tender sale begins a new chapter for India's diamond trade providing smaller firms with access to first hand fine quality rough supplies. The Indian diamond market needs more rough and we are in a position to offer it in an open and straightforward manner. We plan to tender similar assortments at least 10 times a year." |
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| The Rapaport Group provides a broad range of diamond trading and information services with offices in New York, Las Vegas, Antwerp, Vicenza, Ramat Gan, Mumbai and Hong Kong. |
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| The group's information services division publishes the Rapaport Diamond Report (1978), the diamond industry's primary source of polished diamond prices and market information, the Rapaport Research Report providing market analysis, and Jewelry Connoisseur, a consumer magazine distributed to over 100,000 readers worldwide. |
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| The group also operates INDEX - the Internet diamond exchange, and RapNet, one of the largest electronic diamond markets on the Internet with listings of over $1.3 billion worth of diamonds for sale. |
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| The group opened its first India office in 2002 and in December 2003, opened a second office. Its trading office will provide foreign buyers with first class quality control services in India, said Rapaport. |
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| "We believe that India is a gateway to the diamond industry of the future." |
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