Rapaport Press Release
Bidding at Online Certified Diamond Auction Opens at Midnight
November 27, 2007, New York – The Rapaport Certified Diamond Auction will for the first time feature six lots of top quality one carat diamonds free of any reserve prices. Bidding for the six lots will start at $0. An additional thirty three lots of one carat and larger, D-G, IF-VS2, Excellent to Very Good cut, GIA graded diamonds will be offered for sale to the trade at low reserve prices.

“Buyers now have an opportunity to set their own prices for the finest quality one carat diamonds. By reducing reserve prices and offering lots with no reserve we are giving buyers a free hand to set prices. Buyers should not miss this opportunity to bid and observe live online auction action this Thursday,” said Martin Rapaport Chairman of the Rapaport Group.

Bidding opens Wednesday, November 28, at Midnight NY EST, with Auction close on Thursday, November 29 at 2 PM NY EST. The auction catalog, buyer registration, and online bidding can be found at www.diamonds.net/auction. Additional information is available via auction@dimaonds.net or +1-702-893-9400.

The quality of all diamonds auctioned is guaranteed by Rapaport. Terms are Spot Cash, FOB NY.

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. Group activities include publishing, research and marketing services, internet information and diamond trading networks, global rough and polished diamond tenders, diamond certification, quality-control, compliance, shipping, and financial services. Major activities of the group include the development of markets for Fair Trade Diamonds and Jewelry as well as the creation of diamond futures markets. Additional information is available at www.diamonds.net.

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