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In contrast to precious metals, there is no universal world price per gram for diamonds. The industry refers to price guides. Rough diamond prices have historically been impacted by the mining companies controlling supply, most notably De Beers. However, after the dismantling of the De Beers cartel in 2001, the industry is now more fragmented ...
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 prices have fallen 5.7% so far this year, according to Zimnisky’s rough diamond index, declining more than 30% from their all-time high in 2022. De Beers once commanded a monopoly on the ...
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]
De Beers, the world’s biggest producer of natural diamonds, has slashed its prices by 10% to 15%, Bloomberg reported. Blame man-made, or lab-grown, diamonds, for one thing. Other factors include ...
An extremely rare pink Argyle diamond ring worth more than $575,000 was stolen from an Australian auction in broad daylight over the weekend. $575,000 is actually just the insurance value.