Rapaport to Offer Lots with No Reserve

The Rapaport Certified Diamond Auction will, for the first time, feature six lots of top quality one carat diamonds free of any reserve prices. Bidding for the six lots will start at $0. An additional thirty three lots of one carat and larger, D-G, IF-VS2, Excellent to Very Good cut, GIA graded diamonds will be offered for sale to the trade at low reserve prices.

“Buyers now have an opportunity to set their own prices for the finest quality one carat diamonds. By reducing reserve prices and offering lots with no reserve we are giving buyers a free hand to set prices. Buyers should not miss this opportunity to bid and observe live online auction action this Thursday,” said Martin Rapaport Chairman of the Rapaport Group.

Bidding opens Wednesday at Midnight EST, with the auction closing on Thursday at 2 p.m. EST. The auction catalog, buyer registration, and online bidding can be found at www.diamonds.net/auction. Additional information is available via auction@dimaonds.net or +1-702-893-9400.

The quality of all diamonds auctioned is guaranteed by Rapaport. Terms are Spot Cash, FOB NY.