Rapaport sells 16 of 39 lots at auction

Rapaport, which recently concluded its diamond auction on November 29, said that it was satisfied with the sale of 16 out of the 39 lots offered at the auction. Rapaport earned a total of $104,814.

The 16 lots ranged between 1.01- to 1.24 carats, and sold for an amount which was up to 31% below the Rapaport price list. The top-selling lot which was a D-colour, VVS1 clarity stone weighing 1.06 carats, sold for $12,000 ($11,320 per carat), at 13.6% below Rap. Also, Rapaport had offered to sell six lots free of any reserves, which sold successfully, at prices between 25% to 31% below Rap sheet.