Single Stone Auction - Buyer Information
Auction Format
Rapaport Auctions are similar to silent auctions and tenders with viewing over a
specific period of time. All bids must be placed by specified deadline to be counted
for that auction. Once the Auction closes, suppliers have 1 business day to approve
or reject the highest bids. Buyers are then shortly invoiced for all lots accepted.
To Participate as a Bidder
Become a Rapaport Trading Partner:
1. Fill out registration information
2. Fill out Patriot Act Compliance information
3. Submit a copy of your company's Business License or Certificate of Incorporation
(Via email: auctions@rapaport.com or
fax: +1-646-572-8535)
4. Submit a Bid Deposit of 10% of your bid limit via wire or check
Schedule an appointment:
1. Call: +1-800-488-9108
2. Email: auctions@rapaport.com
Submitting Bids:
1. Download the Auction Bid Form and email to bids@rapaport.com
2. Download the Auction Bid Form and hand deliver a sealed envelope to Rapaport
New York
3. Download the Auction Bid Form and fax it to +1-646-572-8535
Payment:
* Sellers pay a commission; there are no buyer fees.
* Invoices will be issued to buyers the Monday after Auction closing
* Buyers must make full payment up to 3 business days after invoices are issued
Delivery:
Upon receipt of funds, lots will be released to winning buyers at the Rapaport New
York office. Shipping can be coordinated to be shipped under a buyer’s carrier account.
Bidding terms:
All sales are final, AS-IS, for cash with no returns, refunds or exchanges. Bidders
are encouraged to view all lots. Rapaport does not guarantee the quality of any
diamond or grading report. Rapaport does guarantee that the diamond matches the
grading report. Additional important details are outlined in the Bidder Terms and
Conditions Form.