Rapaport to publish weekly diamond-price list
New York- On Thursday the Rapaport Grope announced that it will now be publishing a weekly price list that sums up the best and average asking prices for select categories of diamonds.
In addition, the Rapaport Grope will also offer the new RapNet Asking Price. Indices (RAPI) for D-H color, IF-VS2 clarity diamonds between 0.30 and 3 carats. Rapaport will publish the new RapNet Best Price List In addition to its standard Rapaport Price List.
This new list will present independent asking price data that will reflect the volatile daily market forces and detailed discount information. The primary source of diamond- price information will still however be the standard Rapaport Price List, with its more stable pricing guidelines that are based on the opinion of Rapaport Chairman Martin Rapaport.
“The new RapNet Best Price list will enable increased transparency ass it provides standardized discount information to the diamond trade.” Rapaport has said in a statement “ Dealers and retailers will now have better information as to the level of trading discounts from the Rapaport Price List. Traders will be able to monitor detailed movements of asking prices on hourly and Daily basis by monitoring RapNet trading screens and the new RAPI indices.”
RapNet Best Price list will be handed out to the RapNet Diamond Trading Network only and will reflect the conditions of the market.