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Do You Feel Rap Will become Irrelevant as the Industry Changes?
March 7, 2008
The Rapaport weekly price list has expanded to include 10-carat stones. The introduction of the new price list is a reaction to the high demand, and high prices, for large diamonds in the marketplace, National Jeweler.
I have bought and sold very few diamonds over 3 carats—but the ones I have bought and sold, Rap’s pricing was irrelevant. The guys with the goods set the prices because we (meaning the US) are not the controlling force of the diamond world. The industry is now global.
Are you using Rap to buy and sell large diamonds? Do you feel Rap will become irrelevant as the industry changes? What about branded diamonds—they are pushing their way into the marketplace and Rap has no bearing on how they are bought and sold?
Posted by Shanu Singh Guliani on March 7, 2008 | Comments (2)
