Rapaport auctioned off 16 of its 39 diamond lots available at last week's auction, for a total of $104,814.  The top stone auctioned was a 1.06-carat diamond with D color, VVS1 clarity and an "Excellent" grade that went for $12,000. Prices on the other 15 lots sold ranged from $3,875 to $7,850. The auction is the latest in a series designed to create a futures market for diamonds. Rapaport Chairman Martin Rapaport was not immediately available for comment on the auction results on Monday.

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