Part of setting up your Instant Inventory feed involves defining how retail prices display on your website. You can apply:
% Markup: Your profit margin, calculated on the diamond’s value or carat size
$ Markup: Fixed admin fees to cover packaging, shipping, or handling
You can choose to show or hide prices on your site, but pricing rules must still be defined during setup.
Setting Your Markups
Watch this video or follow these steps:
Go to your Instant Inventory Dashboard
Select your feed and click View and Edit
Hover over a rule and click Edit Price Markups
Diamond Price Markup
Choose whether to base markup on carat size or total price
Define carat/price ranges
Set your % markup (your profit) and $ markup (admin fee)
Click + Add Markup to create multiple tiers
Click Save when done
Jewelry Price Markup
Jewelry markups are always based on the total item price
Tip: Make sure your markups cover all carat/price ranges in your rule. Overlaps or gaps are not allowed
Disclaimer
All items listed on RapNet are in USD
Rapaport cannot advise on markup percentages. Pricing strategies depend on your region, business model, and target market.
Example: Instant Inventory Markup Formula
Formula:
Retail Price = RapNet Price + (% Markup) + ($ Markup)
Example:
RapNet price: $2,000
% Markup: 15% → $300
$ Markup: $50
Retail Price = $2,000 + $300 + $50 = $2,350
Currency Exchange Calculation
If you're using our widget, you can set a display currency for your site. RapNet prices are in USD, but we apply your selected currency’s exchange rate.
Example:
Total price: $2,350
Exchange rate (USD to EUR): 0.886405
Calculation: $2,350 × 0.886405 = €2,083.05 → Rounded up to €2,084
If you are using our widget, you can choose the currency you want to display items in on your website.
Show or Hide Prices on Your Website
You can choose to display or hide prices:
Using the Widget: Follow this article to manage this setting
Using the API: Your developer controls the display behavior