Rapaport Price List
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oldmancoyote
Brilliant_Rock
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Anyone can purchase a subscription. The cheapest is $180, for monthly updates, which is why it's not generally bought by non-dealers. There is a "by the month" option at $60/month, but I'm not sure if there is a minimum term.
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just ask your vendor "what''s RAP" on XX stone.
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Read this:
Why isn''t Rapaport pricing important for consumers?
Neil Beaty
GG(GIA) ICGA(AGS) NAJA
Professional Appraisals in Denver
Why isn''t Rapaport pricing important for consumers?
Neil Beaty
GG(GIA) ICGA(AGS) NAJA
Professional Appraisals in Denver
Doc_1
Shiny_Rock
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thx Neil for the link it is an interesting article...However i still think for educated customer to know the retail pricing is a plus. then i can factor in the other criteria and decide if the extra money is worth it or not.
It is always good to be more informed as long as am using the info the right way.
I agree with you again and i compare it to reading an article on a research in our profession (Medicine), we were always taught the worst thing we can do is running to conclusion and read it..we where taught during residency how to criticize the article then if it sounds solid then to consider the conclusion.
thx again for the link it will add to what i know.
It is always good to be more informed as long as am using the info the right way.
I agree with you again and i compare it to reading an article on a research in our profession (Medicine), we were always taught the worst thing we can do is running to conclusion and read it..we where taught during residency how to criticize the article then if it sounds solid then to consider the conclusion.
thx again for the link it will add to what i know.
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Pretty much any dealer who wants to can look you up a price. Many if not most are subscribers for reasons explained in the article. The price listed is not ‘wholesale’ (whatever that is, but that’s a whole new conversation) or even retail and it is almost certainly not the dealers cost but if it makes you feel more comfortable in shopping to know it, I’m sure you can find someone who will help you out. Ring up your favorite dealer and ask.
Neil Beaty
GG(GIA) ICGA(AGS) NAJA
Professional Appraisals in Denver
Neil Beaty
GG(GIA) ICGA(AGS) NAJA
Professional Appraisals in Denver
strmrdr
Super_Ideal_Rock
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A lot of dealers of poorly cut IGI/EGL-Israel graded diamonds would love for you to use rap to negotiate with them.
They say I need rap + 10% you negotiate to rap + 5% thinking you got a deal and they pocket a 30% profit.
They win you lose.
Now another dealer across the way is selling excellent/ideal cut ags/gia graded diamonds at the same rap+10% making a 10% profit.
He wont move to rap+5% and you go off mad and buy from the other guy.
You both lose.
They say I need rap + 10% you negotiate to rap + 5% thinking you got a deal and they pocket a 30% profit.
They win you lose.
Now another dealer across the way is selling excellent/ideal cut ags/gia graded diamonds at the same rap+10% making a 10% profit.
He wont move to rap+5% and you go off mad and buy from the other guy.
You both lose.
Regular Guy
Ideal_Rock
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Internet advertisers present their wares right here...on this board...several actually even advertising for the same diamond held "somewhere" for different prices...which means they need to be close to the bone to get your attention and business. I would use the "Pricescope your diamond" here above to see real world ranges and targets. The "search by cut" option within provides a target center where options have a smaller range, somewhat higher price...and for these generally non-virtual and in-house options...you can expect a more reliable and higher quality.
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Not exactly Karl..., its not a question of being ok or not..., this industry (as all others) is witnessing (from the sidelines [in my opinion]) one of the most serious economic crisis since the depression...
As of now..., there was some speculations when it came to the larger finer quality Diamonds..., so naturally a lot of dealers or industry members are nervous at this time...
The turmoil dust/fog is still fresh and heavy..., its hard to look ahead and see the results (for the Diamond industry at least)...
Saying its not ok below the surface is not the right wordings..., we dont know yet as most segments are frozen at this time and there are almost no deals made..., but I can assure you that I personally know of some deals that are still made at the regular prices of a month or two ago..., especially in the smaller goods segment (2 carats and below).
Time will tell what will happen in the Diamond industry..., but you might find yourself surprised...
Doc_1
Shiny_Rock
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At the consumer end do you think it will be better if i wait a little if that means i can get a better deal?Date: 11/1/2008 7:25:47 PM
Author: DiaGem
Not exactly Karl..., its not a question of being ok or not..., this industry (as all others) is witnessing (from the sidelines [in my opinion]) one of the most serious economic crisis since the depression...
As of now..., there was some speculations when it came to the larger finer quality Diamonds..., so naturally a lot of dealers or industry members are nervous at this time...
The turmoil dust/fog is still fresh and heavy..., its hard to look ahead and see the results (for the Diamond industry at least)...
Saying its not ok below the surface is not the right wordings..., we dont know yet as most segments are frozen at this time and there are almost no deals made..., but I can assure you that I personally know of some deals that are still made at the regular prices of a month or two ago..., especially in the smaller goods segment (2 carats and below).
Time will tell what will happen in the Diamond industry..., but you might find yourself surprised...
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There’s a LOT of money at stake. Assume, for arguments sake that the aggregate inventory currently in the pipeline is 100,000 stones and the ‘average’ stone is $10,000, that’s a billion dollars worth of inventory. Most is priced for sale as a ratio to Rap. Some are more, some are less, etc. depending on the merits of each stone. A 1% change in Rap costs or makes the collective $10,000,000!
Of course they pressure him to always go up. And kudos to Mr. Rapaport for resisting.
Neil Beaty
GG(GIA) ICGA(AGS) NAJA
Professional Appraisals in Denver
Of course they pressure him to always go up. And kudos to Mr. Rapaport for resisting.
Neil Beaty
GG(GIA) ICGA(AGS) NAJA
Professional Appraisals in Denver
strmrdr
Super_Ideal_Rock
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Date: 11/1/2008 7:25:47 PM
Author: DiaGem
Not exactly Karl..., its not a question of being ok or not..., this industry (as all others) is witnessing (from the sidelines [in my opinion]) one of the most serious economic crisis since the depression...
As of now..., there was some speculations when it came to the larger finer quality Diamonds..., so naturally a lot of dealers or industry members are nervous at this time...
The turmoil dust/fog is still fresh and heavy..., its hard to look ahead and see the results (for the Diamond industry at least)...
Saying its not ok below the surface is not the right wordings..., we dont know yet as most segments are frozen at this time and there are almost no deals made..., but I can assure you that I personally know of some deals that are still made at the regular prices of a month or two ago..., especially in the smaller goods segment (2 carats and below).
Time will tell what will happen in the Diamond industry..., but you might find yourself surprised...
They cant stay frozen or the industry is dead.
If they don''t make enough money over the holiday season they are toast.
They don''t have much time before they are forced to move.
No one wants to make the first move that makes sense as the first to move could lose big time.
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I believe if you need or want to buy a Diamond today you might have a bit of an advantage as you know the latest slogan...., "CASH IS KING"...
And if you can find a cash hungry jeweler you might be in a better negotiating position...., one thing is for sure..., having the Rapaport pricesheet handy will be an obstacle for your position rather than help...
Good luck!
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Date: 11/1/2008 7:51:27 PM
Author: strmrdr
Date: 11/1/2008 7:25:47 PM
Author: DiaGem
Not exactly Karl..., its not a question of being ok or not..., this industry (as all others) is witnessing (from the sidelines [in my opinion]) one of the most serious economic crisis since the depression...
As of now..., there was some speculations when it came to the larger finer quality Diamonds..., so naturally a lot of dealers or industry members are nervous at this time...
The turmoil dust/fog is still fresh and heavy..., its hard to look ahead and see the results (for the Diamond industry at least)...
Saying its not ok below the surface is not the right wordings..., we dont know yet as most segments are frozen at this time and there are almost no deals made..., but I can assure you that I personally know of some deals that are still made at the regular prices of a month or two ago..., especially in the smaller goods segment (2 carats and below).
Time will tell what will happen in the Diamond industry..., but you might find yourself surprised...
They cant stay frozen or the industry is dead.
Dont worry..., its impossible to stay frozen..., but it is for the near future...
If they don''t make enough money over the holiday season they are toast.
Like I said previously..., the good will survive..., good old fashioned capitalism
They don''t have much time before they are forced to move.
No one wants to make the first move that makes sense as the first to move could lose big time.
Some are making moves already..., thats where some journalists have a field-day, but its considered a drop in the bucket..., but I said before and I will say again..., this industry is dominated by very strong economic entities/hands (much more than examples in the past)...
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