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Diamond prices fluctuate weekly and lately the prices have been down. As a diamond seller, I don’t set the prices of the diamonds that I sell, in fact, when I am working with a customer I always look at the diamond sheet that I get every Friday morning to check the prices of the diamond before I even give a quote.
The Red Sheet
The red sheet is also known as the Rap Sheet, or the Rapaport Sheet is released at midnight every Thursday. This is a comprehensive listing of round and pear shaped diamond prices. It is separated by shape, color and clarity and then a price per carat is given based on that. This is generally higher than what you will pay from a diamond wholesaler or dealer, but it gives the dealer a general idea what the going rate should be for a particular diamond based on the diamond DNA of the diamond they are looking at.
Although the Rap Sheet is just a guideline, it is an industry standard when it comes to pricing a diamond, just like the GIA or the EGL is an industry standard for grading a diamond.
Diamonds Don’t Go On Sale, But Prices Do Drop
Like all luxury goods, you have highs and lows and the prices reflect what is happening with the economy. It happens in the housing market, the car market, the gold and silver market and the diamond market.
Here’s a tip for you, diamonds don’t go on sale, but the prices of diamonds do drop, which means that right now, is a good time to buy a diamond, as prices are lower than normal.
What About Gold?
Yes, the price of gold is higher. Which means if you are going to sell gold you are in luck, it also means that if you going to build a ring, earrings, a necklace or bracelet it might cost you a bit more if you are going to use yellow or white gold. Here is the upside though, the lower cost of the diamond offsets the higher price of the gold and in the end you have two commodities that will continue to rise and fall as per the market and demand, but will never truly lose their value![/vc_column_text][/vc_column][/vc_row]
