Seller FAQs
How can I participate in a Rapaport Auction?
The first step is to register
here. An account manager from Rapaport Auctions will then contact you and
coordinate your participation in the auctions of your choice. Suppliers will be
asked to complete the Auction Supplier Form and will then be authorized to submit
diamonds for sale subject to approval by Auction Support. All registered clients
receive a unique user login and password enabling access to the Rapaport Auctions
website.
How do sellers submit diamonds to the auction?
- Contact a Trading representative by e-mailing
auctions@rapaport.com or calling +1-800-488-9108.
- Rapaport will inspect the goods and review the reserve prices before accepting them
for the auction.
What types of goods are accepted for auction?
Our Melee Auctions consist of uncertified goods that are sold in parcels ranging
in size from -2.5 sieve plate to two caraters. They feature the following:
- Finely assorted melee
- Mixed breakout
- Broken goods
- Close-out goods
Our Single Stone auctions consist of a wide variety of certified and uncertified
polished diamonds in round and fancy cuts, ranging from 0.30ct to 5ct+.
What is the minimum/maximum amount to supply to an auction?
In regards to melee, it is important to keep the value of the lot over $10,000 but
less than $35,000. We keep a minimum value per lot so as not to overwhelm the buyers
with too many lots to view, and we keep a max cap on the value to keep bidders competitive.
Our single stone minimum is 50 points and above
The maximum amount ranges on a case by case basis. Companies that submit for the
first time are held to a maximum value they may submit. That value will change depending
on their ongoing percentage of sales.
How is delivery and shipping of diamonds to the Rapaport offices handled?
Merchandise approved for submission must be delivered to the designated Rapaport
office no later than four business days prior to the auction. If the stones are
not sold, they can be picked up following the auction. All shipping costs to and
from Rapaport and the supplier will be paid by the supplier. Rapaport fully insures
all diamonds while they are on our premises.
How soon after the auction are results released?
In general, suppliers will be notified of the results the night that the auction
closes.
When do sellers receive payment for the sold goods?
All sellers are paid approximately seven days after the auction close for all lots
sold. Rapaport guarantees that the seller will receive payment for the diamond less
commission or the diamond will be returned to the seller.
Can diamonds be listed elsewhere while they’re in auction?
Once diamonds are accepted for the auction, they are exclusive to the auction and
must be removed from RapNet and all other public listings.
Are there fees to participate?
There is a 5% charge on all diamonds sold. More details may be received from your
Trading Manager.
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Watch the Video
Upcoming Auctions
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Single Stone Auction
Israel
May 19-22
Catalog Live:
5/19/13
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In Progress
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View Catalog
Request Appointment
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Jewelry Auction
Las Vegas
May 27 - Jun 3
Catalog Live:
5/27/13
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Request Appointment
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Melee Auction
Las Vegas & New York
May 30 - Jun 6
Catalog Live:
5/30/13
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Request Appointment
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SEE MORE DATES »
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