What is Rapaport and How is it Used?

The Rapaport diamond price list separates the different sizes, colours and clarities of diamonds and arranges these factors into price categories. The problem arising in using the Rapaport list is the subjective nature of diamond grading. Some speak about a Rapaport price and do not consider the price variation from a cut perspective. Some speak about a Rapaport price and do not consider the variation of grading standards from one laboratory to another. Some speak of a general discount that is below the Rapaport list that does not take into consideration the premiums the market demands for...

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Grading and Appraising Jewellery

The first thing that needs to be agreed upon is a definition of an appraisal and the difference between an appraisal and a grading certificate. An appraisal gives a value to a gem or piece of jewellery along with a complete description of the item being valued. An appraisal can be issued for estate purposes, for insurance purposes or other reasons that may occur. An appraisal is not intended for selling purposes. It is my understanding and opinion that to place an appraisal with a value before a consumer is in some countries illegal and in all situations deceptive. (I also believe that...

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Diamonds and Commodities

An ounce of gold is a commodity. Each ounce of gold bullion is exactly the same as any other in all aspects of its composition. The properties of gold can be controlled and measured to a fraction of a decimal point. Commodities, such as gold, are traded on the stock market and used in commerce because business can rely upon a fixed set of scientifically defined characteristics that will distinguish the commodity as being integral or pure. A diamond does have a chemical composition but, unlike gold, all natural diamonds are unique, varying in shades of colour and degree of inclusion. It is for...

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Does Crystallized Carbon Define a Diamond?

Carbon = Diamond Is that it? Is it all so simple? Does crystallized carbon define a diamond? Can words define an emotion? Does love mean more than L.O.V.E.? Is a scientific description of a diamond 100% correct because it meets a labs set of criteria? Is a diamond ‘forever’? Is a diamond a gift of love or is a diamond just a valuable commodity of ‘white rock’? Tradition has given the diamond a romantic mystique. The investment community categorizes diamonds simply by a list of objective criteria. The jewellery industry walks the definition tight-rope in an attempt to keep the balance....

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Canadian Diamonds

Canadian diamonds are the hot item for jewellers in Canada. The retail goal in marketing this luxury product is to maximize credibility, consistency and profitability. Canadian diamonds must be considered an individual retail product line. That product line must be supported by a complete range of product inventory and backed up by product knowledge and guarantees. A consistent and knowledgeable presentation of the product line is necessary to avoid customer confusion. Several brands of Canadian diamonds are available. The retailer can choose one Canadian diamond brand that reflects his...

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