The Rapaport Group announces the official launch of the Rapaport Certified Diamond Auction website, which offers continuous ongoing auctions of fine quality GIA graded diamonds.



A press release carried by Business Wire said that the new auction platform "creates a global marketplace providing a direct link between diamond cutters in the manufacturing centers and diamond buyers worldwide. 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."



Martin Rapaport, Chairman of the Rapaport Group, added: “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.”



The Rapaport Group operates in compliance with the US Patriot Act and OFAC regulations and does not trade in diamonds from Marange, Zimbabwe.