First Rapaport guaranteed and certified diamond auction

"...The first Rapaport Guaranteed and Certified Diamond Auction will be held September 17-20, 2007. It will mark the historic first step in the process of creating a diamond futures market based on monthly transaction prices. Every diamond will be selected, approved and guaranteed by Rapaport and graded by GIA to ensure that only fine quality accurately graded diamonds are offered for sale. The auction will offer select round one carat and larger, D-K, IF-VS2, Excellent to Very Good cut GIA graded diamonds. The diamonds will be available for inspection in New York. Bidding will be over the internet and restricted to the trade and financial institutions. Terms: Spot Cash FOB New York, three percent fee to seller..."
Courtesy - diamonds.net

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