Rap Price Increases Throw Trade Into Tizzy

Recent dramatic changes to the widely used Rapaport Diamond Report price list caused considerable consternation at The JCK Show ~ Las Vegas. The biggest changes include boosts of 25 percent. There also were smaller increases in some listings, and decreases in others. In a note sent out a few days after the increases, Rapaport advised the trade not to raise prices in response to his actions. “Do not change your price per carat,” the note said. “The new higher prices in the Price List already include the premiums. While you can and should set your prices at whatever level you wish, the price adjustments in the recent Rapaport Price List are not a reason to increase your prices. You may have to recalculate your discount level against the new list.” As a result of the moves, angry audience members grilled Rapaport about the changes at his traditional Monday morning breakfast at T
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