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Rapaport to publish weekly diamond-price list

January 18, 2008

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New York—The Rapaport Group announced on Thursday that it will now publish a weekly price list that sums up the best and average asking prices for select categories of diamonds.

In addition, Rapaport 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.

The new list will present independent asking price data that reflects volatile daily market forces and detailed discount information. The standard Rapaport Price List, however, will remain the primary source of diamond-price information, 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 as it provides standardized discount information to the diamond trade," Rapaport 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 an hourly and daily basis by monitoring RapNet trading screens and the new RAPI indices."

The RapNet Best Price List will be distributed only to members of the RapNet Diamond Trading Network and will reflect market conditions as of midnight Saturday EST.
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