"RAP discount"?

[Ninama]

Sorry about the empty post - *espresso fingers*.

Can someone expain to me what an RAP discount is?

Shape: Asscher
Carat Weight: 1.06
Color: E
Clarity: VS1
Certified By: GIA
Measurements: 5.63 x 5.61 x 3.83mm
Depth: 68.3
Table: 68
Polish: G
Symmetry: G
Culet: N
Girdle: tk-etk
Fluorescence: N

This diamond is available at a RAP Discount of -29.38%

Sug. Retail Price: $12,740.07 Sale Price: $5,539.16

 

[belle]

from the pricescope journal: http://journal.pricescope.com/Articles/31/1/Why-isn%e2%80%99t-Rapaport-pricing-important-for-consumers.aspx

 

[Ninama]

Thank you, belle!