The Rapaport Price List is an important diamond price list that is followed by many over the world. This loose diamond price list was established in 1978 when Martin Rapaport found diamond prices to vary strongly between various diamond dealers. What was initially rejected by many has today become a source for diamond traders to compare diamond prices and market information.
Rapaport Diamond Prices and the Market
This diamond index is further being used to develop a diamond futures market and financial products that include exchange of traded funds. The internet service provides daily listings of laboratory graded diamonds worth over $2 billion every day. With over 300,000 such diamonds listed on a daily basis, the group offers a wide range of services. The various elements in a price listings search include shape, size, color, clarity, grading institute/laboratory, prices, depth% and table%, culet, polish, symmetry, and girdle information.
This is a trade price market analysis and indicator tool of high cash asking prices for loose stones. However, Rapaport prices only reflect the opinion of current market values and cannot replace physical examination of a loose diamond by an expert appraiser. They just establish a starting point for negotiations on diamond transactions. The brand of the seller, his location and conditions of sale can all impact price, these are factors that are out of reach for the Rapaport diamond price list. The lists are released once a week on the midnight of Thursday, New York time.
In order to use the Rapaport price list you must ourchase a membership!
Rapaport Certified Diamond Auctions
The Rapaport certified-diamond auctions conducted on a monthly basis are a highlight feature too. Only members of the diamond trade and financial institutions are allowed to bid online. Consumers can choose to bid through their local jeweler or ask for the name of a registered bidder. These auctions in turn form the basis for a definitive diamond price index that is based on transaction prices. Terms of auction include spot cash and free on board with a commission of 3% paid to sellers. While the picture seems rosy, critics are unsure as to how tender offers can set the market prices.
Comparison Between Gemisimo and Rapaport
Rapaport price index is published on a weekly basis and is mainly aimed at diamond traders, it reflects last months price variation and average prices based on diamond charicteristcs.
Gemisimo Price Comparison is aimed at the consumer and can be related to as the diamond price index of retail diamond sold in the online diamond industry. While having over 400,000 diamond and being able to give you real-time information about current diamond prices it allows the consumer to make an informed desicion about a diamond with specific characteristics.
If you are a consumer looking to buy diamonds online the do your homework and check the current diamond prices on the web!
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