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Wholesaler vs Retailer When Buying a Diamond Engagement Ring

US - new york, us
21

Diamond wholesaler have access to a pricing report called the Rapaport Diamond Report. This is an industry standard pricing guiding set up in a matrix, which includes the prices for different shapes, color, clarity and carats (up to 6 carats). If the wholesaler is good, then they should be able to give you the price listed on the Rapaport Diamond Report or lower than the price on the ‘Rap’ report (‘Rap minus 10’ – which means 10% off from the quote price on the ‘Rap’ report). An important factor to keep in mind is the prices on the Rapaport are an average of the prices being sold in the industry. The prices are not set in stone.

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