5/13/2010 |

PRESS RELEASE, May 13, 2010, New York: Rapaport will be holding a tender auction at this year’s JCK Las Vegas Show. The auction will feature single stone lots of certified and non-certified diamonds from 0.50 ct. to 5.00ct. size in a broad range of shapes and qualities.

Buyers may view the diamonds at the Rapaport Booth: (3080 Upper Level) on the Friday, Sunday and Monday of the show (June 4-7). Viewing will continue at Rapaport's New York offices following the show with bidding to close at 5 pm on Thursday, June 10.

Suppliers to the tender will include pawn shops, appraisers and retailers. Motivated sellers with realistic cash reserve prices are invited to offer their goods for sale. Deadline to submit diamonds for the tender-auction is Thursday, May 27.

“We are very excited to be holding a Rapaport Tender Auction at the JCK Show. Over the past year we have successfully sold over 280,000 carats of diamonds at tender and this is our first tender at a jewelry show. Our auction-tenders meet the needs of the global diamond market with sellers receiving enhanced liquidity and buyers enjoying highly competitive prices. We offer a proven successful cash market that provides efficient fair market value for diamonds,” said Ezriel Rapaport, Director of Global Tenders for the Rapaport Group.

An additional Rapaport Pawn Shop Tender Auction offering over 35,000 carats of small to medium size diamonds in parcels will take place at Rapaport New York from June 14-17.

Suppliers and Bidders for Rapaport Tender Auctions are invited to register and schedule viewing appointments.The Rapaport New York Trading Desk can be reached via email auctions@diamonds.net or telephone +1-212-354-9100.

About Rapaport Tenders: Rapaport holds regular monthly Pawn Shop and Single Stones Tender Auctions in New York. Additional tenders offering rough and polished diamonds are held in Belgium, India, China and Israel. For additional information email: auctions@diamonds.net.

About the Rapaport Group: The Rapaport Group is an international network of companies providing added value services that support the development of free, fair and competitive global diamond markets. Established in 1978, the Rapaport Diamond Report is the primary source of diamond prices and market information. Group activities include publishing, research and marketing services, internet information and diamond trading networks, global rough and polished diamond tenders, diamond certification, quality- control, compliance, shipping, and financial services. Major activities of the group include the development of markets for Fair Trade Diamonds and Jewelry as well as the creation of diamond futures markets. Additional information is available at www.Rapaport.com

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