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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.
Diamond reports from GIA (as well as other, for-profit sources) are now demanded by most consumers purchasing diamonds over a certain size, typically for over 0.5 carat (100 mg), and almost always for over 1.0 carat (200 mg), and are considered an important tool in guaranteeing that a diamond is accurately represented to a potential buyer.
As an example, a 0.99-carat diamond may have a significantly lower price per carat than a comparable 1.01-carat diamond, because of differences in demand. 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]
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.
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]
The Koi Diamond has been certified by the GIA ... At $16,548,750 US in 1995 it held the world record for the highest price paid for a diamond at auction until ...
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