Israeli Diamond Companies Question Rapaport Price List

Finance and Trade
06/04/2015 17:27

A group of leading Israeli diamond traders and manufacturers have decided to post their diamond stocks at full prices on the RapNet Diamond Trading Network (RapNet). The decision follows the publication of the latest Rapaport price list which showed that Rapaport had reduced the prices of a wide range of diamond categories without any commercial justification. The group expressed not only its frustration and concern with the lack of transparency as to how the Rapaport price list is compiled, but also noted that the high frequency and the sharp changes in the price list are among the major causes of the volatility in polished diamond prices.