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The Rapaport Price List is copyrighted and available only to subscribers. Jewelers and diamond merchants use it to set prices for consumers. Consumers should therefore use the report with caution. [2] These prices are used as the basis for standardization and negotiation of diamond prices around the world.
The Rapaport Diamond Report is relatively expensive to subscribe to and, as such, is not readily available to consumers and investors. Each week, there are matrices of diamond prices for various shapes of brilliant cut diamonds, by colour and clarity within size bands. The price matrix for brilliant cuts alone exceeds 1,400 entries, and even ...
The main stone, named the Graff Lesedi La Rona, is the world's largest emerald-cut diamond. It is a D-color (totally colorless), high-clarity stone weighing 302.37 carats (60.474 g; 2.1332 oz). According to Graff, the stone is the "largest highest clarity, highest color diamond ever graded by the Gemological Institute of America (GIA)".
Martin Rapaport began his work as an apprentice diamond cutter in Antwerp, Belgium. [citation needed] In 1978, he created the Rapaport Price List, which would later become a pivotal tool in the diamond industry. [2] In 1980, he established RapNet, an electronic diamond trading network that further revolutionized the trade. [3]
The Elizabeth Taylor Diamond is an Asscher cut diamond with a fairly large culet facet, indicating it was likely cut before the 1920s, when culet facets were being phased out. A report (1132411262) dated 9 May 2011 from the Gemological Institute of America states that the diamond is D colour, VS1 clarity; accompanied by a diagram indicating ...
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%").
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