Rapaport Press Release
New Rapaport Certified Diamond Auction Oct. 25-28

RAPAPORT... New York - The Rapaport Group will be holding its monthly Melee Auction from October 11-15, 2010 in New York. The auction will feature over 50,000 carats of assorted parcels of polished diamonds ranging from -2.5 sieve plate to 1ct commercial quality goods. This auction follows the highly successful melee auction held last month in which 39,790 carats were sold for US$4.69million with 100% of lots sold.

The Rapaport Group is also launching an exciting new global Internet auction that will provide an opportunity for buyers all over the world to source diamonds directly from the major diamond cutting centers. The auction will be limited to GIA graded Excellent to Very Good, Round, 0.50-10.00 carat, D-K, IF-VS2, polished diamonds. Bidding will take place on the Internet via specially designed live bid screens with full disclosure of reserve prices and bidding. Rapaport will guarantee the authenticity of the GIA reports,  as well as payment to suppliers and delivery of diamonds to buyers.

The Internet auction live bids screens will be online at www.rapaport.com/certauction from Monday, October 25 through October 28 when the auction will close at 5 pm NY time.

“The Rapaport Certified Diamond Auctions will provide unprecedented opportunity for buyers and sellers everywhere to trade diamonds at fair market, cash prices. Our auctions will set new standards for pricing transparency as they promote free, fair, honest and competitive diamond markets,” said Martin Rapaport, Chairman of the Rapaport Group.

To participate in Rapaport Auctions companies are invited to visit: www.rapaport.com/auctions or email: auctions@rapaport.com. For specific information on the Rapaport Certified Diamond Auction – contact: certauction@rapaport.com

The Rapaport Group operates in compliance with the U.S. Patriot Act and OFAC regulations and does not trade in diamonds from Marange, Zimbabwe.

About the Rapaport Group
The Rapaport Group is an international network of companies providing added value services that support the development of free, fair and competitive global diamond markets. Established in 1978, the Rapaport Diamond Report is the primary source of diamond prices and market information.  Additional information is available at www.Rapaport.com.

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