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Each grid has the clarity options on the horizontal line and the color options on the vertical line. In order to calculate the price of a diamond according to the Rapaport Price List, you need to know the size, color and clarity of the diamond. The price listed based on this information is in hundreds of dollars per carat. [3]
Critics have accused Rapaport of setting diamond prices too low, [23] arguing that the methodology used to determine these prices is flawed or arbitrary. [24] [25] The Rapaport Diamond Corporation has also been criticized for publishing wholesale price guides for diamonds whilst allegedly trading diamonds directly to consumers. [26]
A weekly diamond price list, the Rapaport Diamond Report is published by Martin Rapaport, CEO of Rapaport Group of New York, for different diamond cuts, clarity and weights. [33] It is currently considered the de facto retail price baseline. Jewelers often trade diamonds at negotiated discounts off the Rapaport price (e.g., "R −3%").
Industry experts anticipate an additional 15% to 20% price drop in diamonds over the next 12 months. The diamond industry is ‘in trouble’ after prices sunk 6% this year. A jewelry CEO blames ...
Prices for rough diamonds — the raw, unpolished, and uncut stones — have dipped in 2023 as many post-pandemic consumers shy away from luxury goods. Diamond prices are down as people spend more ...
Even though rough diamond prices are falling, buying a one-carat round diamond at the store is on average 3% more expensive now than it was in January 2020, he said.
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