The Rapaport diamond report is a monthly list of diamond prices, information availability and market for the diamond industry. The report is also sometimes called the Rap report. This report is the list of wholesale prices for diamonds of the single room, prices take into account the color, clarity, cut and carat weight and the fluorescence of the diamond.
This report is available only to Diamond, you will need to ask your local diamond dealer to enable you to have a look at it. Many Jewellers online also this report and can give you the current price of a diamond of specific quality. Do not forget that the price given on the rap report should be taken as a starting point for your negotiations.
How much discount you can get on the rapaport diamond report depends on various factors such as:
• The type of turnover the jeweler has. If it has a high turnover rate then it might be sourcing its diamonds at a lower price and can give you additional discounts.
• Depends on if the dealer bought the diamond on the cash instead of credit, if the cash then he still bought at a lower price and can pass the discount on to you. .
• A brick and mortar store will be overhead higher that a store online, but you will still find some stores of jewelry in offline mode, which retained their competitive prices and can offer similar reductions: a jeweller in line with the advantage that you can physically see a stone and compare.
• How old is its inventory and desperate is the jeweller for sale.
• The availability of diamond primarily the type of Cup. The more rare cut less the discount, you are likely to get.
• Your own negotiating skills.
You can buy a loner at a significantly lower than the retail price suggested if you make the effort to check around and use the rapaport diamond report to your advantage. Many jewelers don't like the idea that retail customers began to use the report of rap as he eats in their profit margins, but Jewellers than accept the fact that a well informed customer is good for the industry and will lead to greater transparency in the diamond industry and exclude the not serious buyers.
So go out and inform you of the process and save yourself some serious changes.
View the original article here
This report is available only to Diamond, you will need to ask your local diamond dealer to enable you to have a look at it. Many Jewellers online also this report and can give you the current price of a diamond of specific quality. Do not forget that the price given on the rap report should be taken as a starting point for your negotiations.
How much discount you can get on the rapaport diamond report depends on various factors such as:
• Depends on if the dealer bought the diamond on the cash instead of credit, if the cash then he still bought at a lower price and can pass the discount on to you. .
• A brick and mortar store will be overhead higher that a store online, but you will still find some stores of jewelry in offline mode, which retained their competitive prices and can offer similar reductions: a jeweller in line with the advantage that you can physically see a stone and compare.
• How old is its inventory and desperate is the jeweller for sale.
• The availability of diamond primarily the type of Cup. The more rare cut less the discount, you are likely to get.
• Your own negotiating skills.
You can buy a loner at a significantly lower than the retail price suggested if you make the effort to check around and use the rapaport diamond report to your advantage. Many jewelers don't like the idea that retail customers began to use the report of rap as he eats in their profit margins, but Jewellers than accept the fact that a well informed customer is good for the industry and will lead to greater transparency in the diamond industry and exclude the not serious buyers.
So go out and inform you of the process and save yourself some serious changes.
View the original article here
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Earrings with 14K gold posts and 16" neckpiece with 2" extension
Earrings with 14K gold posts and 16" neckpiece with 2" extension
Resolved Question
Show me another»As a diamond investor how it may be a wise way to use the rapaport chart when you are buying?
Best Answer - Chosen by Asker
You can use the rap sheet ( it is copyrighted so you have to get it from a professional) and assume that you will lose at least 30% of the rap price if you are selling a diamond. The mark-up if you are buying can be 100% or more, depending upon who you are buying from. I did a little experiment online. I took a quote off of Blue Nile for a diamond, then contacted one of those "we buy your diamonds" companies on the internet. They offered to purchase the diamond for about half the price of Blue Nile'sretail price. You can do this because Blue Nile puts the certificate online, so you can determine those characteristics that are evaluated on the rap sheet. The rap sheet price and the retail price are widely divergent. Hope this helps. I'm not a diamond investor, just bought one for my beloved last year, and did a little research before putting down my hard-earned cash.
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