The new platform creates a global marketplace providing a direct link between diamond cutters in the manufacturing centers and diamond buyers worldwide, the company said. It offers a transparent, liquid, cash market designed to attract investors. And it provides an unprecedented opportunity for consumers seeking to obtain fair market value for the diamonds they wish to sell.
“The new Rapaport Certified Diamond Auction platform creates an unprecedented opportunity for the diamond trade to establish and communicate fair market prices as it promotes efficient global trading of fine quality diamonds. Furthermore, it provides an opportunity for consumers and investors to obtain fair market value for the diamonds they wish to sell. This important new initiative supports the development of honest, free, fair, efficient and competitive diamond markets,” Martin Rapaport, Rapaport Group chairman, said in a statement.
Buyers and sellers of GIA graded, excellent to very good cut, Round, 0.50 to 10.00 ct., D-K, IF-VS2 diamonds can participate in the auction by registering at www.rapaport.com/certauctions. Additional information is available through Rapaport Auction Support at email firstname.lastname@example.org or telephone +1-702-893-9400.
The Rapaport Group operates in compliance with the U.S. Patriot Act and OFAC regulations and does not trade in diamonds from Marange, Zimbabwe.