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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.
Martin Rapaport is the chairman of the Rapaport Group and founder of the Rapaport Diamond Report and RapNet, an online diamond trading network. [1] Known for his influential role in the diamond industry, Rapaport has been both a pioneer and a controversial figure, advocating for price transparency, ethical sourcing, and the commoditization of diamonds.
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.
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]
By April 5, 2017, there had only been six offers for the diamond. In response, the deadline was extended to May 10. [1] The diamond was bought by Graff Diamonds in December 2017 for $6.5M USD via auction. [6] The diamond auction was facilitated by The Rapaport Group, [7] a corporation specializing in diamond trade.
This is a partial list of the largest non-synthetic diamonds with a rough stone (uncut) weight of over 200 carats (40 grams). [1] The list is not intended to be complete—e.g., the Cullinan (formerly Premier) mine alone has produced 135 diamonds larger than 200 carats since mining commenced.
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