1. What are Rapaport Auctions?

    Rapaport Auctions is one of the largest recyclers of diamonds in the world. We help retailers, gold buyers, wholesalers, and pawnbrokers sell their diamonds quickly and efficiently and provide consistent cash flow through our monthly auctions. With more than 18,000 clients in over 70 countries, our auctions foster competitive bids from the most serious buyers worldwide. Whether you are buying from the public or looking to move excess inventory for immediate cash, Rapaport Auctions provides a secure, robust platform to achieve the most competitive prices.

    Rapaport Melee auctions consist of uncertified diamonds sold in parcels. Single Stone auctions are comprised of certified and uncertified diamonds, sold individually. The auction format is similar to silent auctions and tenders with viewing over a specified time period. Sealed bids are submitted prior to close of auction, and sellers have one business day after closing to approve or reject top bids. Buyers are then invoiced for lots accepted and payment is executed for all lots sold.

  2. How can I participate in a Rapaport Auction?

    The first step is to register here.

    A Rapaport Trading Manager will contact you and coordinate your participation in the auctions of your choice.

    Sellers must complete an Auction Supplier Agreement to submit diamonds for sale, subject to approval by Auction Support. All registered clients receive a unique user login and password to access to the Rapaport Auctions website at www.rapaportauctions.com.

  3. How do sellers submit diamonds to the auction?

    • Contact a Rapaport Trading Manager by email: auctions@rapaport.com or call +1-800-488-9108.
    • Rapaport will inspect all goods and review reserve prices before accepting them for auction.
  4. What types of goods are accepted for auction?

    Rapaport Melee Auctions consist of uncertified goods sold in parcels from -2.5 sieve plate to 2ct sizes, including finely assorted melee, mixed breakout, broken goods, and closeout merchandise.

    Single Stone Auctions consist of a wide variety of certified and uncertified polished diamonds in round and fancy cuts, from 0.30ct to 5ct+ sizes

  5. What is minimum/maximum amount to supply an auction?

    For melee, it’s important to keep the value of the lot between $10,000 and $35,000. We keep a minimum value per lot so as not to overwhelm buyers with too many lots to view, and the cap keeps bidders competitive.

    For single stones, the minimum is 50 points and above. The maximum amount ranges on a case-by-case basis. Suppliers submitting for the first time are held to a maximum value they may submit, which changes depending on their ongoing percentage of sales.

  6. 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 five business days prior to the auction. Unsold stones can be picked up following the close of auction. Sellers are responsible for all shipping costs. Rapaport fully insures all diamonds on our premises.

  7. How soon after the auction are results released?

    Suppliers are notified of the results the night the auction closes.

  8. When do sellers receive payment for the sold goods?

    Sellers are paid for lots sold one week after invoicing. Rapaport guarantees the seller receives payment for the diamond less commission or the diamond will be returned to the seller.

  9. Can diamonds be listed elsewhere while they're in auction?

    Once diamonds are accepted for auction, they are exclusive to Rapaport Auctions and must be removed from RapNet and other public listings.

  10. Are there fees to participate?

    There is a 5% charge on diamonds sold. Contact a Rapaport Trading Manager for additional details.

  1. What are Rapaport Auctions?

    Rapaport Auctions is a unique platform consolidating diamonds from suppliers worldwide motivated to sell at fair cash prices. Buyers have unprecedented opportunities to purchase large quantities and varieties of diamonds at competitive prices in monthly auctions at Rapaport diamond trading centers worldwide.

    Melee auctions consist of uncertified diamonds sold in parcels without reserve prices. Single Stone auctions are comprised of certified and uncertified diamonds. Each stone is sold individually, without reserve prices. Buyers must inspect all lots before submitting bids as Rapaport does not guarantee the quality of the diamonds.

    The auction format is similar to silent auctions and tenders with viewing over a specified time period. Sealed bids are submitted by the close of auction and are not disclosed publicly. Sellers have one business day after closing to approve or reject top bids and buyers are then invoiced for lots accepted.

  2. Who can participate in Rapaport Auctions?

    Rapaport auctions are open to qualified members of the diamond and jewelry trade.

    All participants must register as Rapaport Trading Members by completing the online registration, submitting business license information, and agreeing to the Terms and Conditions. After business and identity confirmation, authorized applicants may apply for a bid limit. 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.

  3. How do I participate as a buyer?

    The first step is to register here.

    A Rapaport Trading Manager will contact you and coordinate your participation in the auctions of your choice.

    Buyers must complete a Bidder Application and arrange a bid deposit of 10% of the total amount they would like to bid.

    Upon receipt and confirmation of their bid deposit, buyers receive a unique user login and password to access the Rapaport Auctions website at www.rapaportauctions.com.

  4. Where do the auctions take place?

    Auctions are held at Rapaport diamond trading centers worldwide including New York, Antwerp, Ramat Gan, Mumbai, Surat, Dubai, and Hong Kong.

  5. When is the auction catalog available to view?

    The catalog is created during the lead-up to the auction and updated online at www.rapaportauctions.com. The final catalog is available at the start of auction.

  6. How do I bid?

    All bidding is done online at www.rapaportauctions.com. Bids may be submitted until close of auction.

  7. Is there a limit to how many diamonds can be viewed or bid on?

    Buyers may bid on as many lots as they choose as long as the total of their bids is within their approved bid limit.

  8. Is a bid deposit required?

    Bid deposits are required and must be arranged with a Rapaport Trading Manager in the office where the auction is held. E-mails may be sent to auctions@rapaport.com.

  9. How can a bid deposit be paid?

    Bid deposits or bid limit privileges for Rapaport Auctions are required and must be arranged with a Rapaport Trading Manager in the office where the auction is held. E-mails may be sent to auctions@rapaport.com.

  10. Can diamonds be viewed?

    Buyers may view lots by appointment only. Contact your Rapaport Trading Manager or the office where the goods are located to schedule an appointment.

  11. How are bid deposits returned?

    For cash, check or wire transfer deposits, funds will be returned within three business days after close of auction.

  12. How do successful bidders pay for the diamonds won?

    Successful bidders are notified and invoiced the day after the close of auction, with payment in full due within three business days to the Rapaport office where the auction was held. All sales are final; returns after delivery are not accepted.

  13. How do successful bidders receive their lot(s)?

    After final payments have been received, arrangements can be made to:

    • Pick up merchandise from Rapaport diamond trading office where lots are being held.
    • Arrange for pick-up of merchandise by registered shipping company at buyer’s cost.
    • Request that Rapaport arrange shipment at buyer’s cost.
    • Buyers are responsible for all local sales or import taxes associated with shipping winning merchandise.
  14. Are there any buyer fees?

    There are NO buyer fees. Rapaport Auctions are limited to members of the diamond and jewelry trade only.

  15. Are buyers responsible for paying any taxes on their winning lot(s)?

    The buyer is responsible for any import, export or sales taxes.