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
- Register here to become a Rapaport Trading Partner
- Submit a copy of your company's Business License or Certificate of Incorporation
via e-mail to auctions@rapaport.com
- Submit a bid deposit of 10% of your bid limit via wire or check
Schedule an appointment
- Check our website for auction dates and locations
- 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.
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.
|
|
|
|
Watch the Video
Upcoming Auctions
|
|
|
|
Single Stone Auction
Israel
May 19-22
Catalog Live:
5/19/13
|
|
In Progress
|
View Catalog
Request Appointment
|
|
|
|
|
|
Jewelry Auction
Las Vegas
May 27 - Jun 3
Catalog Live:
5/27/13
|
|
|
Request Appointment
|
|
|
|
|
|
Melee Auction
Las Vegas & New York
May 30 - Jun 6
Catalog Live:
5/30/13
|
|
|
Request Appointment
|
|
|
|
|
|
SEE MORE DATES »
|
|
|
|