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Bidding Instructions


Auction Format


Rapaport Melee and Single Stone Auctions function in a silent auction format. The viewing of the diamonds in auction occurs over a set period of time. All sealed bids must be placed by the specified deadline to be counted for that auction. Once the auction closes, suppliers have one business day to approve or reject the highest bids. After that, buyers are invoiced for all lots accepted by the seller.

To Participate as a Bidder


Melee and Single Stone auctions are open to all qualified members of the diamond trade. All auction participants must be registered Rapaport Trading Partners.

How to Become a Rapaport Trading Partner

  1. Register here to become a Rapaport Trading Partner
  2. Submit a copy of your company's Business License or Certificate of Incorporation via e-mail to auctions@rapaport.com
  3. Submit a bid deposit of 10% of your bid limit via wire or check

Schedule an appointment

  1. Check our website for auction dates and locations
  2. Schedule an appointment via email: auctions@rapaport.com or call: +1-800-488-9108

Submitting Bids


During an auction, buyers may inspect the merchandise in our offices and submit their silent bids.
  • All e-bid forms may be submitted to bids@rapaport.com until the auction closing time

Payment

  • There are no buyer fees or premiums for participating in an auction.
  • All winning bidders will be notified and invoiced within three business days after the close of auction.
  • Full payment is expected three business days after invoices are issued.
  • Payments are due in the form of wire transfer or certified check and made to the Rapaport office where the auction was held.
  • All funds must clear Rapaport’s bank account before the merchandise is released.

Delivery of Diamonds


Upon receipt of funds, lots will be released to winning buyers at the Rapaport office where the auction was held. Shipping can be coordinated under a buyer’s carrier account.

Sales 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.
  • All other additional important details are outlined in the Bidder Terms and Conditions Form.
All participants in Rapaport Auctions must comply with U.S. Patriot Act and OFAC regulations. The Rapaport Group does not deal in diamonds from Marange, Zimbabwe, or diamonds directly involved in human rights violations.
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Upcoming Auctions

November
Tuesday
11
Melee Auction
New York & Dubai
 
November 11-13 - NY 
November 16-19 - Dubai 
 
Catalog Live:11/11/14
Request Appointment

November
Wednesday
12
Single Stone Auction
New York & Israel
 
November 12-13 - NY
November 16-19 - Israel 
 
Catalog Live:11/12/14
Request Appointment

December
Monday
1
Melee Auction
New York
 
December 1-4 – NY
 
Catalog Live:12/01/14
Request Appointment

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