Rapaport Brings Auctions to the Diamond Market

[tradergirl]

Sounds good to me.

http://247wallst.com/2010/11/10/rapaport-brings-auctions-to-the-diamond-market/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+typepad%2FRyNm+%2824%2F7+Wall+St.%29&utm_content=Twitter

 

[Stephan]

Here is the catalog.
http://www.rapaportauctions.com/Tender.aspx?TenderID=208
If you are not in the business, you have to add 5% commission for Rapaport.

 

[antelope1]

This is like the coolest thing ever!

But, no way to get ASET, Idealscope or photos (right)? So you're buying a diamond sight unseen, based on the cert only. Am I right?

 

[Garry H (Cut Nut)]

Not the coolest thing at all.
The first stone I checked was listed on the auction had a reserve price that was 5% higher than the same stone listing on Rapnet.
Given that several Pricescope dealers pick this stone up and offerer it as a virtual with 5-6% uplift, you would buy it at a lessor cost than people in the trade.
AND - that was the reserve price - so you could buy for Rap and pay 10-20% more than the Pricescope vendors price!