An auction of low priced diamonds and diamond jewellery is being hosted by Japan Auction House on 23rd June 2010, in Kowloon - Hong Kong, its first grand auction. The diamond variety being offered includes star, melees, fancy cuts, pointers, 1 carat stones up to bigger sizes, certified and non-certified diamonds, collected from humble centres like pawn shops and recycle shops, and other low priced sources, all of who are participating as sellers in the auction.

Japan is known to have become a highly cost-effective source of diamonds attracting customers from the world.

The lots to go on sale will be put up for viewing between 17TH, 18TH, 21ST AND 22ND June 2010, at Unrich Jewellery Unit in Kowloon, Hong Kong. The auction is slated one day prior to the Hong Kong Diamond and Jewellery Fair 2010.