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Rapaport Price Lists: Your Guide to Diamond Pricing Tools

Understand how to access, read, and apply Rapaport’s Price Lists—your essential tools for diamond valuation and market insight.

Philippa Corrick avatar
Written by Philippa Corrick
Updated this week

What is the Rapaport Price List?

The Rapaport Price List is the diamond industry’s most widely referenced guide for assessing market values. It represents Rapaport's opinion of high cash asking prices for well-cut, white diamonds based on Rapaport’s research, methodology, and market insights.

  • Published Weekly: Every Thursday at midnight (NY time)

  • Covers Round and Pear shapes (Pear serves as a benchmark for other fancy shapes)

  • All prices in USD

  • Sizes Covered: 0.01–10.99 carats

  • Based on Rapaport Specification A3 or better (fine-cut diamonds)

Note: This is not a record of actual transaction prices, but a benchmark reflecting seller asking prices in cash deals (no memo, returns, or terms).


How to Access the Price List

To view or download the Price List, you must have an active Rapaport subscription.

  • RapNet Web: Go to the diamond/dollar icon > Rapaport Prices

  • RapNet App: Tap the 3 dots > Full Menu > Rapaport Prices


Updates and Changes to the Rapaport Price List

RapNet subscribers can view weekly price changes on both the RapNet website and the RapNet App.

On the Web

  1. Log in to RapNet > Click the Diamond Dollar icon on the left navigation bar.

  2. Select Price Changes.

  3. Toggle between Round and Pear to view the respective updates.

On the App

  1. Open the RapNet App > Tap the three dots in the bottom right corner.

  2. Select Rapaport Prices > Price Changes.

You can toggle between Round and Pear price sheets and view weekly changes.

Want push notifications when a new price list is published? Learn how to enable app alerts here.


Rapaport Price Lists for Diamond Shapes and Parcels

Round Price List

The Round Price List is used for round-shaped diamonds, as well as old European cuts.

Pear Price List

The Pear Price List serves as a pricing guideline for fancy-shaped diamonds, though it doesn't cover other fancy shapes.

The Rapaport Parcel Price List

The Parcel Price List is tailored for round, non-certified parcels traded in the Indian market.

  • Published Monthly: On the 1st of each month

  • Cut Grade Reference:

    • Very Good: Base price

    • Excellent: ~10% premium

    • Good: ~10% discount

  • Note: Diamonds sized 0.01-0.29 on the Rapaport Price List are usually traded as Parcels, and so their prices reflect the Parcel prices

View the Parcel Price List (Subscribers only)

Note: There is no price list for fancy-colored diamonds


Reading & Understanding the Price List

Each matrix in the price list includes carat weight ranges, color (D–M), and clarity (IF–I3). Prices reflect high cash asking prices for well-cut diamonds without strong or medium fluorescence.

Indexes on the Price List

For 1/3 carat and larger rounds, there are 2 Rapaport Diamond Indexes under each matrix.

  1. RDI, W (white): Considers the average price per carat of the top 25 diamonds with the best color and clarity (D to H, IF to VS2) in a specific size group compared to the previous week.

  2. RDI, T (total): The average price of all the stones (D to M, IF to I3) in the matrix.

The indexes are followed by an = sign and a number that reflects the percentage change in the index since the previous Price List. All indexes are in hundreds of dollars per carat.


Factors That Influence Pricing

Understanding these key factors will help you apply the Price List more effectively:

Diamond Cut

Cut has an important impact on price. A poorly cut, flat, or deep diamond is worth substantially less than a well-cut diamond. The price information in the Rapaport Diamond Report relates to fine-cut stones as per Rapaport Specification A3 or better (click here for more about Rapaport Specifications). While medium-cut diamonds often trade at a slight discount to fine-cut stones, poorly cut stones can trade at very high discounts. Prices for fancy shape stones are highly dependent on the overall shape and the quality of cut, with very large discounts for poorly shaped or cut fancies.

The Rapaport Price List is based on Rapaport Specification A3 or better stones without strong or medium fluorescence. Please note: Rapaport specifications cannot replace the human factor in evaluating cut grade. Off-center culets, nonsymmetrical facet junctions, very wavy girdles, large naturals, crown angle comments, pavilion percentages, and the relationship between depth, table, crown, and pavilion are all factors that affect cut. Fluorescence and graining may also impact the market price. The effect of a cut on price is highly specific to particular stones and buyers. It is often subjective and varies according to market conditions. The specifications sheet is based on the opinion of Rapaport regarding current market conditions and is subject to change without prior notice.

Additionally, characteristics like fluorescence and graining can impact a diamond's market price. The effect of a cut on price is highly specific to individual stones and buyers, often subjective, and dependent on current market conditions. The specifications sheet reflects Rapaport's assessment based on prevailing market trends and is subject to change without prior notice.

Fluorescence

In some instances, high-color diamonds are adversely affected by strong and medium fluorescence, which gives the stones a milky white appearance. In recent years, buyers have discriminated against fluorescent stones even when there is no milky white appearance. This may be because fluorescence makes the stone's face-up color look better, and some labs tend to upgrade the color for these stones. For lower J to M color stones, fluorescence may have a beneficial impact on color and may help the stone bring better prices. In some markets, such as Singapore, the right type of fluorescent stones can bring premium prices. The Price List is based on stones without strong or medium fluorescence. The table on the right presents estimates of discounts and premiums for fluorescent stones.

Grading Reports and Certs

Our Price List reflects the value of stones that are accurately graded. Except for SI3, the price list is based on Gemological Institute of America (GIA) grading standards. Stones customarily lab graded by the trade (0.50+, D to K, IF to VS2) are priced based on their having GIA reports. Prices for smaller and lower-quality diamonds are based on honest grading. Stones with non-GIA certificates may trade at discounts to stones with GIA reports.

CAUTION: Diamond grading laboratories use subjective methods of analysis. The same diamond may be evaluated differently each time it is submitted to a laboratory. The accuracy of a grading report, its authenticity, date, and the lab that issued the report can all have an impact on value. Readers should be familiar with GIA terminology and grading standards to use the Price List effectively.

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