Rapaport Press Release
Auction Extended to Accommodate High Number of Buyers
RAPAPORT... Rapaport Certified Diamond Auction Rescheduled to Nov. 9 to 15, 2010.

Live Internet auction for GIA graded diamonds at

New York - October 12, 2010 - The Rapaport Group opened its monthly Melee Auction in New York yesterday with an unprecedented 62,400 carats of polished diamonds in 432 assorted parcels. The auction has been extended and will now close on Wednesday October 20th to allow sufficient time for buyers to view the merchandise. This auction follows the September 2010 Rapaport Melee Auction which sold 100% of lots, totaling 39,790 carats for $4,692,991.

The Rapaport Certified Diamond Auction has been re-scheduled to November 9 - 15  following requests from suppliers to allow them to offer their better quality GIA graded diamonds for sale over the Diwali holiday. The auction will be held live over the Internet and marketed globally, including to over 10,000 Rapaport clients all over the world.

The Rapaport Certified Diamond Auction will offer 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.

Live bid screens will be online at www.rapaport.com/certauction from Tuesday, November 9 at 9:00am Mumbai time through Monday, November 15, when the auction will close at 5:00 pm NY time.

To participate in Rapaport Auctions,companies are invited to visit: www.rapaport.com/auctions,contact Auction Support via email: auctions@rapaport.com or call their local Rapaport office.

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 Rapaport Auctions: Rapaport Auctions create a cash market for diamonds. The large quantity and wide variety of diamonds offered attract competitive bids from a broad range of local and international buyers. Rapaport Auctions address the needs of the international diamond community for enhanced liquidity while presenting unprecedented buying opportunities to buyers.

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.Rapaport.com




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