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1
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Diamonds submitted enter Rapaport for processing
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2
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On staff gemologists verify and confirm diamonds
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3
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Buyers are contacted and auction scheduling opens
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4
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Dedicated expert trade team analyzes diamonds and if necessary make recommendations
to improve product
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5
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Buyers view goods and bid
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6
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Seller receives top bid prices and has 24 hours to accept or reject
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7
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Rapaport invoices buyers and facilitates transaction
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8
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Buyer must make payment within 3 business days
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9
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Payments are executed to sellers 1 business day after funds are collected
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