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Thu Mar 26, 2020, 03:13 PM

Rapaport Suspends Price List Amid New Furor

Steep diamond price drops on the March 20 Rapaport Price List have caused widespread anger in the trade—leading publisher Martin Rapaport (pictured) to suspend the list’s publication until May.

Last Thursday’s price list was a “sea of bold”—its method of indicating a price change. The price cuts hit almost every diamond category, with the drops ranging from 5% to 9% on both rounds and fancies. The average drop was generally estimated at 7%.

“Please note, in our 42-year history we have never suspended the price list,” he said in a statement announcing the vote. “This is an extraordinary step we are taking as an act of solidarity with the trade.”

https://www.jckonline.com/editorial-article/rapaport-suspend-price-list-furor/

**This is not good. During the Great Depression, DeBeers stashed a lot of diamonds in
milk cans to wait out the crisis and preserve prices.
This is unheard of as the article says, and there is backlash from the jewelers.

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Reply Rapaport Suspends Price List Amid New Furor (Original post)
thecrow Mar 2020 OP
BamaRefugee Mar 2020 #1
jayfish Mar 2020 #2
2naSalit Mar 2020 #3

Response to thecrow (Original post)

Thu Mar 26, 2020, 03:19 PM

1. Trump is putting Rappaport in charge of unemployment numbers immediately.

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Response to thecrow (Original post)

Thu Mar 26, 2020, 03:20 PM

2. Profiteering In The Diamond Trade?

Who'da thunk?

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Response to thecrow (Original post)

Thu Mar 26, 2020, 04:29 PM

3. Imagine that. ...nt

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