Rapaport Auctions provides industry members with a unique platform to sell diamonds
at cash prices. The Rapaport Trading division is one of the largest recyclers of
diamonds in the world. Our mission is to assist retailers, gold buyers, wholesalers
and pawnbrokers sell their diamonds quickly and efficiently and provide consistent
cash flow through our monthly auctions. With a reach of over 13,000 global clients,
we target the most qualified buyers to ensure the most competitive cash market prices
for your diamonds.
We are a value-based organization and thrive on our long-term relationships. As
a seller, you will be provided with an expert trading team dedicated to maximizing
the value of your merchandise achieved at auction. Our reliable monthly auctions
held in our trading headquarters in New York, Israel, Hong Kong, and Belgium offer
you consistent opportunities to receive the best cash prices for your diamonds.
There is no risk in submitting your diamonds to auction, as you will always have
the ability to accept or reject the highest bid received for each lot.
Rapaport Melee and Single Stone Auctions are similar to silent auctions and tenders
with viewing over a specific 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 1 business day to approve or reject the highest bids. Buyers are then invoiced
for all lots accepted and are required to pay within 3 business days. Suppliers
are paid upon the completion of the collection process.
Contact the Rapaport Trading Team notifying them of your interest in submitting your melee or single stones to a specific auction.
In addition to selling your merchandise, Rapaport provides guidance and value-added
services to enable suppliers to achieve the highest cash market prices. Additional
value-added services include:
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.