Diamond Prices: Comparison, Statistics, Education
Rapaport Price List contains diamond price estimates that are presumably derived from research of actual asking prices at the wholesale level. A diamond price chart is published on a weekly basis and manufacturers, dealers, and jewelers all over the world use this information to guide their buying practices and their selling prices. When “the Rap list” changes, diamond prices all over the world are immediately affected. Because of the power of one company to impact global markets with this publication, many believe that it creates artificial valuation in certain cases. For instance, some diamond manufacturers are not able to profitably cut certain shapes, sizes and qualities because they cannot be traded profitably as a result of low list prices. In this way the publishing of these lists impacts not only trading prices, but supply as well. Instead they turn production to areas where the list is higher.
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