Rapaport Press Release
Platform Creates Transparent, Liquid, Cash Marketplace for Diamonds

RAPAPORT... Las Vegas - November 9, 2010 - The Rapaport Group announces the official launch of the Rapaport Certified Diamond Auction website offering continuous ongoing auctions of fine quality GIA graded diamonds at www.rapaport.com/certauction.

The new auction platform creates a global marketplace providing a direct link between diamond cutters in the manufacturing centers and diamond buyers worldwide. It offers a transparent, liquid, cash market designed to attract investors. And it provides an unprecedented opportunity for consumers seeking to obtain fair market value for the diamonds they wish to sell.

“The new Rapaport Certified Diamond Auction platform creates an unprecedented opportunity for the diamond trade to establish and communicate fair market prices as it promotes efficient global trading of fine quality diamonds. Furthermore, it provides an opportunity for consumers and investors to obtain fair market value for the diamonds they wish to sell. This important new initiative supports the development of honest, free, fair, efficient and competitive diamond markets” said, Martin Rapaport, Chairman of the Rapaport Group.

Buyers and sellers of GIA graded, Excellent to Very Good cut, Round, 0.50 to 10.00 ct., D-K, IF-VS2 diamonds are encouraged to participate in the auction by registering at www.rapaport.com/certauctions. Additional information is available through Rapaport Auction Support at email auctions@rapaport.com or telephone +1-702-893-9400.

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. 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.

[ Back to the Press Releases ]
© Copyright 1978-2018 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.