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.

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.

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 Rapaport Trading Agreement 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

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

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.

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

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

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 [email protected].

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 [email protected].

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

Funds from cash, check, or wire transfer deposits will be returned within three business days following the auction’s close.

Successful bidders will be notified and invoiced the day following the auction’s close. Full payment is due within three business days to the Rapaport office where the auction took place.

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.

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

All buyers are responsible for any import, export or sales taxes.