Diamonds

Save E-mail Print Most Popular RSS Reprints

Rapaport price list expands to 10-carat stones

February 22, 2008

Similar Stories | Topics

New York—The Rapaport weekly price list is being expanded to include 10-carat stones, Rapaport Group Chairman Martin Rapaport told National Jeweler.

The introduction of the new price list is a reaction to the high demand, and high prices, for large diamonds in the marketplace.

Previously, the largest diamonds included on the weekly price list were 5-carat stones, Rapaport said.

"We're expanding the scope of the Rap price list," he said.

As he expands the scope of his list to include larger stones, Rapaport also issued a warning to the diamond industry regarding investing in larger stones.

He said current market conditions—high demand for large diamonds and a weak dollar—have led players in the diamond industry to invest in diamonds, preferring to keep their money there rather than in the declining dollar.

But, Rapaport said in a statement on Diamonds.net, "higher prices brought about by internal diamond industry speculation are not sustainable and may result in significant financial loss. Members of the diamond trade are encouraged to consider at what price level they are buying diamonds."
Save E-mail Print Most Popular RSS Reprints
Post a Comment
* Required field
* Author:
* Comment:
 

Diamonds

CounterSketch
Victims and victors emerge after rocky '09

The economic crisis challenged companies at all points along the pipeline, from mining companies to manufacturers to mall jewelers. Here's a look at the players who rolled with the punches in 2009, and those who got knocked out. Read More

More Like This

Rap to publish 'asking prices' list
November 07, 2008 | National Jeweler Network
Rap to publish 'asking prices' list
November 07, 2008 | National Jeweler Network
Rap takes heat over price list increases
June 03, 2008 | National Jeweler Network
Rapaport backpedals on steep price list hike
May 29, 2008 | National Jeweler Network
Rapaport backpedals on steep price list hike
May 29, 2008 | National Jeweler Network

advertisement

Video

Small multi video player located on right rail of NJN site

advertisement

Retailer Toolbar

America's Best Jewelers
Join the ONLY Social Network for Jewelry Retailers. Get access to expert content, peer best practices, and more.
Start networking today.
Newsletters
Newsletters
Topic-specific newsletters that deliver the latest news on jewelry, diamonds, wholesale operations and high-volume buying directly to your in-box.
Reader Connect
ReaderConnect
Supplier information presented with every article, bringing you related, actionable content on every topic.
Jewelry Yellow Pages
Yellow Pages
A comprehensive listing of associations, organizations, suppliers and services for the jewelry industry.
Classifieds
Classifieds
A comprehensive listing of job postings, product offerings and other materials for sale for the jewelry industry.
NJN Customer Connect
CustomerConnect
The most sophisticated suite of marketing services available for jewelry retailers, from Internet tools to data marketing.

advertisement