RAPAPORT DIAMOND REPORT

Tel: 877-987-3400 www.RAPAPORT.com [email protected]

April 5, 2019 : Volume 42 No. 14: APPROXIMATE HIGH CASH ASKING PRICE INDICATIONS : Page 1
Round Brilliant Cut Natural Diamonds, GIA Grading Standards per "Rapaport Specification A3" in hundreds of US$ per carat.
News: Polished market slow, with stable US demand supporting the trade. Dealers under pressure as polished prices continue to soften. 1 ct. RAPI
-0.5% in 1Q. Rough-market sentiment weak amid reports De Beers is reducing 2019 supply. Manufacturers hoping reduced rough sales will ease
liquidity concerns. Signet 2018 sales -0.1% to $6.3B, loss of $690M vs. profit of $486M. Chow Sang Sang 2018 revenue +13% to $2.4B, profit +15% to
$129M. Tiffany and Forevermark shift marketing focus to bridal. Sotheby’s Hong Kong sells oval, 88.22 ct., D, FL diamond for $13.8M ($156,150/ct.).
De Beers launches provenance program for “Diamonds from DTC.” GIA rebrands synthetics grading report as lab-grown.

RAPAPORT : (.01 - .03 CT.) : 04/05/19 ROUNDS RAPAPORT : (.04 - .07 CT.) : 04/05/19
,)996 96 6, 6, 6, , , , ,)996 96 6, 6, 6, , , ,
D-F 7.1 6.8 5.7 4.9 3.9 3.6 3.0 2.5 D-F 7.9 7.5 6.1 5.4 4.3 4.0 3.5 2.7 D-F
G-H 6.5 6.0 5.1 4.5 3.7 3.3 2.9 2.3 G-H 7.0 6.5 5.5 4.9 4.1 3.8 3.3 2.5 G-H
I-J 5.6 5.3 4.7 4.2 3.4 2.8 2.5 2.1 I-J 5.9 5.5 4.9 4.4 3.8 3.4 2.9 2.3 I-J
K-L 3.9 3.5 3.3 2.9 2.6 2.2 1.7 1.3 K-L 4.2 3.8 3.5 3.1 2.9 2.4 1.9 1.4 K-L
M-N 2.8 2.3 2.0 1.7 1.5 1.3 1.1 0.8 M-N 3.0 2.6 2.2 1.9 1.6 1.4 1.2 1.0 M-N

RAPAPORT : (.08 - .14 CT.) : 04/05/19 ROUNDS RAPAPORT : (.15 - .17 CT.) : 04/05/19
,)996 96 6, 6, 6, , , , ,)996 96 6, 6, 6, , , ,
D-F 9.1 8.6 7.4 6.3 5.9 5.1 4.1 3.5 D-F 11.7 10.5 8.6 7.5 6.8 5.6 4.4 3.8 D-F
G-H 8.2 7.7 6.8 5.8 5.5 4.5 3.8 3.2 G-H 10.2 9.5 7.6 6.7 5.9 4.9 3.9 3.4 G-H
I-J 7.1 6.7 6.1 5.4 5.1 4.3 3.5 3.0 I-J 8.8 8.3 6.7 6.0 5.3 4.6 3.8 3.2 I-J
K-L 5.8 5.5 4.7 4.1 3.4 3.0 2.6 2.0 K-L 7.1 6.7 5.1 4.7 3.9 3.3 2.7 2.3 K-L
M-N 4.0 3.7 3.2 2.8 2.6 2.0 1.7 1.3 M-N 4.6 4.0 3.6 3.2 2.8 2.3 1.8 1.5 M-N
•It is illegal and unethical to reproduce this price sheet. Please do not make copies. © 2019

RAPAPORT : (.18 - .22 CT.) : 04/05/19 ROUNDS RAPAPORT : (.23 - .29 CT.) : 04/05/19
,)996 96 6, 6, 6, , , , ,)996 96 6, 6, 6, , , ,
D-F 14.0 12.4 9.1 7.9 6.6 5.5 4.4 3.7 D-F 16.7 15.0 10.3 9.3 7.5 6.3 5.0 4.0 D-F
G-H 12.6 11.0 8.1 7.3 5.9 5.0 4.0 3.4 G-H 14.8 13.0 9.3 8.3 6.8 5.6 4.3 3.7 G-H
I-J 10.0 9.1 7.2 6.3 5.1 4.5 3.6 3.1 I-J 12.0 10.5 7.8 6.8 5.8 4.6 3.8 3.3 I-J
K-L 7.9 6.7 5.6 4.8 4.1 3.6 2.8 2.3 K-L 9.5 8.5 6.5 5.8 5.2 3.9 3.0 2.4 K-L
M-N 6.7 5.5 4.8 3.8 3.4 2.5 1.9 1.6 M-N 8.1 7.2 5.6 4.8 4.3 3.0 2.2 1.8 M-N
Very Fine Ideal and Excellent Cuts in 0.30 and larger sizes may trade at 10% to 20% premiums over normal cuts.

RAPAPORT : (.30 - .39 CT.) : 04/05/19 ROUNDS RAPAPORT : (.40 - .49 CT.) : 04/05/19
,) 996996 96 96 6, 6, 6, , , , ,) 996996 96 96 6, 6, 6, , , ,
D 38 29 28 26 25 23 20 18 16 11 7 D 46 36 33 31 29 26 22 20 18 12 8 D
E 29 27 26 25 24 22 19 17 15 10 6 E 36 32 30 29 28 24 21 19 17 11 7 E
F 27 26 25 24 23 21 18 16 14 9 6 F 33 31 29 28 27 23 20 18 16 11 7 F
G 26 25 24 23 22 20 17 15 13 8 5 G 31 29 28 27 26 22 19 17 15 10 6 G
H 25 24 23 22 21 19 17 13 11 8 5 H 28 27 26 25 24 21 19 16 14 9 6 H
I 23 22 21 20 19 18 16 12 10 7 5 I 25 24 23 22 21 20 18 15 13 8 6 I
J 21 20 19 18 16 15 14 11 9 7 4 J 22 21 20 19 18 17 16 14 12 8 5 J
K 19 18 16 15 14 13 12 10 8 6 4 K 20 19 18 17 16 15 14 12 10 7 5 K
L 17 16 15 14 13 12 10 9 6 5 3 L 18 17 16 15 14 13 12 10 8 6 4 L
M 16 15 14 13 12 11 9 8 5 4 3 M 17 16 15 14 13 12 11 9 7 5 4 M
W: 25.48 = 0.00% T: 15.89 = 0.00% W: 29.96 = 0.00% T: 18.17 = 0.00%
0.60 - 0.69 may trade at 7% to 10% premiums over 0.50 0.80-0.89 may trade at 7% to 12% premiums over 0.70

RAPAPORT : (.50 - .69 CT.) : 04/05/19 ROUNDS RAPAPORT : (.70 - .89 CT.) : 04/05/19
,) 996996 96 96 6, 6, 6, , , , ,) 996996 96 96 6, 6, 6, , , ,
D 67 55 50 45 42 37 30 26 22 16 11 D 87 70 64 60 55 47 39 34 30 20 13 D
E 53 49 46 42 40 35 28 25 21 15 10 E 70 65 61 57 52 45 37 32 29 19 12 E
F 47 45 43 40 38 33 27 24 20 14 10 F 63 60 56 53 50 43 35 30 27 18 12 F
G 42 40 39 38 36 32 26 23 19 13 9 G 58 53 51 49 46 41 33 29 26 17 11 G
H 39 37 36 35 33 31 25 22 18 12 8 H 53 48 46 44 42 38 31 27 24 16 10 H
I 34 32 31 30 29 27 23 21 16 11 8 I 45 41 39 38 37 34 29 25 22 15 10 I
J 29 28 27 26 25 24 22 20 15 11 7 J 37 34 33 32 31 29 26 23 20 14 9 J
K 24 23 22 21 21 20 19 17 13 10 7 K 33 30 28 27 26 24 22 19 17 13 8 K
L 21 20 20 19 18 17 16 13 11 9 6 L 28 27 25 24 23 22 20 16 14 11 7 L
M 19 18 18 17 16 15 14 11 9 7 5 M 25 24 23 22 21 20 18 14 12 9 6 M
W: 43.08 = 0.00% T: 24.83 = 0.00% W: 56.52 = 0.00% T: 31.99 = 0.00%

Prices in this report reflect our opinion of HIGH CASH ASKING PRICES. These prices are often discounted and may be substantially higher than actual transaction prices. No guarantees
are made and no liabilities are assumed as to the accuracy or validity of this information © 2019 by Martin Rapaport. All rights reserved. Reproduction in any form is strictly prohibited.
 RAPAPORT DIAMOND REPORT
Tel: 877-987-3400 www.RAPAPORT.com [email protected]
April 5, 2019 : Volume 42 No. 14: APPROXIMATE HIGH CASH ASKING PRICE INDICATIONS : Page 2
Round Brilliant Cut Natural Diamonds, GIA Grading Standards per "Rapaport Specification A3" in hundreds of US$ per carat.
We grade SI3 as a split SI2/I1 clarity. Price changes are in Bold, higher prices underlined, lower prices in italics.
Rapaport welcomes price information and comments. Please email us at [email protected].
0.95-0.99 may trade at 5% to 10% premiums over 0.90 1.25 to 1.49 Ct. may trade at 5% to 10% premiums over 4/4 prices.
RAPAPORT : (.90 - .99 CT.) : 04/05/19 ROUNDS RAPAPORT : (1.00 - 1.49 CT.) : 04/05/19
,) 996996 96 96 6, 6, 6, , , , ,) 996996 96 96 6, 6, 6, , , ,
D 137 114 98 85 75 65 57 47 38 22 15 D 198 159 140 122 108 86 70 58 47 27 17 D
E 114 100 90 77 71 61 54 44 37 21 14 E 150 138 117 108 96 82 67 56 45 26 16 E
F 99 90 80 72 67 58 50 42 36 20 14 F 130 120 107 102 90 79 64 54 44 25 15 F
G 88 80 72 67 62 55 47 40 34 19 13 G 107 102 95 90 83 74 60 52 42 24 14 G
H 78 70 66 62 58 52 44 37 32 18 13 H 90 85 82 80 76 68 57 49 40 23 14 H
I 66 60 57 54 51 48 42 34 30 17 12 I 76 72 70 68 66 62 53 46 36 22 13 I
J 52 49 47 45 43 41 37 30 26 16 11 J 63 61 60 59 57 53 48 42 33 20 13 J
K 43 41 39 37 35 33 31 26 23 15 10 K 53 51 49 47 45 43 39 36 31 18 12 K
L 38 37 35 34 32 30 27 23 20 14 9 L 48 46 45 43 41 38 35 33 29 17 11 L
M 35 33 32 30 29 27 24 21 17 12 8 M 43 41 39 38 36 34 30 28 26 16 11 M
W: 82.88 = 0.00% T: 44.90 = 0.00% W: 111.00 = 0.00% T: 58.32 = 0.00%
1.70 to 1.99 may trade at 7% to 12% premiums over 6/4. 2.50+ may trade at 5% to 10% premium over 2 ct.

RAPAPORT : (1.50 - 1.99 CT.) : 04/05/19 ROUNDS RAPAPORT : (2.00 - 2.99 CT.) : 04/05/19
,) 996996 96 96 6, 6, 6, , , , ,) 996996 96 96 6, 6, 6, , , ,
D 260 208 178 160 142 108 88 70 54 31 18 D 430 345 295 255 195 155 120 83 66 33 19 D
E 208 186 159 149 131 105 85 68 51 30 17 E 320 290 255 225 180 145 110 80 64 32 18 E
F 182 162 140 131 118 100 80 65 50 29 16 F 280 250 225 190 165 135 105 77 62 31 17 F
G 145 136 122 114 108 95 75 64 49 28 16 G 225 200 180 160 145 125 100 72 60 30 16 G
H 116 112 103 98 94 87 71 60 47 27 16 H 170 165 155 140 125 110 95 67 57 29 16 H
I 94 90 85 82 79 75 64 55 43 25 15 I 130 125 120 112 105 95 85 62 53 27 16 I
J 79 74 72 70 66 62 56 48 38 23 15 J 105 100 95 90 85 80 70 57 49 24 15 J
K 67 64 62 58 55 52 48 42 35 20 14 K 95 88 80 75 70 65 60 52 44 23 15 K
L 57 55 53 49 46 44 41 38 32 19 13 L 80 75 70 65 60 56 52 47 39 22 14 L
M 48 46 44 42 40 38 36 33 28 18 13 M 69 66 63 60 55 50 47 41 33 21 14 M
W: 146.48 = 0.00% T: 72.93 = 0.00% W: 222.60 = 0.00% T: 101.45 = 0.00%
3.50+,4.5+ may trade at 5% to 10% premium over straight sizes

RAPAPORT : (3.00 - 3.99 CT.) : 04/05/19 ROUNDS RAPAPORT : (4.00 - 4.99 CT.) : 04/05/19
,) 996996 96 96 6, 6, 6, , , , ,) 996996 96 96 6, 6, 6, , , ,
D 760 590 490 420 330 230 165 98 80 39 21 D 930 700 610 530 410 275 195 109 89 44 23 D
E 530 490 410 360 295 210 160 93 75 37 20 E 670 610 530 470 390 260 190 104 84 42 22 E
F 460 415 360 310 270 190 155 88 70 36 19 F 600 520 470 425 355 245 185 99 79 40 21 F
G 365 325 295 265 225 175 140 83 68 34 18 G 455 415 380 360 300 210 170 94 74 38 20 G
H 270 250 235 220 185 150 130 77 65 32 17 H 350 330 300 285 250 185 160 88 68 36 19 H
I 205 195 185 175 150 130 115 72 61 30 17 I 260 245 230 220 190 160 140 83 63 34 18 I
J 160 150 145 135 125 110 100 67 55 28 16 J 210 200 185 175 160 140 125 73 58 32 17 J
K 135 125 120 110 100 92 85 62 49 27 16 K 175 165 155 145 135 115 105 67 53 30 17 K
L 105 100 95 90 85 80 70 52 43 26 15 L 130 120 110 105 95 90 80 60 48 28 16 L
M 90 87 85 80 75 68 58 47 36 25 15 M 110 100 95 90 85 80 70 53 38 27 16 M
W: 365.00 = 0.00% T: 151.58 = 0.00% W: 465.80 = 0.00% T: 188.54 = 0.00%
Prices for select excellent cut large 3-10ct+ sizes may trade at significant premiums to the Price List in speculative markets.
RAPAPORT : (5.00 - 5.99 CT.) : 04/05/19 ROUNDS RAPAPORT : (10.00 - 10.99 CT.) : 04/05/19
,) 996996 96 96 6, 6, 6, , , , ,) 996996 96 96 6, 6, 6, , , ,
D 1300 980 850 750 575 370 260 120 95 47 25 D 2020 1450 1270 1120 890 565 380 180 110 54 29 D
E 910 800 730 670 520 345 250 115 90 45 24 E 1420 1240 1130 1020 810 520 365 170 105 52 27 E
F 780 730 660 600 450 320 240 110 85 43 23 F 1210 1120 1010 900 700 480 345 160 100 50 26 F
G 600 550 500 460 395 280 225 105 80 41 22 G 930 880 800 700 610 420 330 150 95 48 25 G
H 470 430 400 365 310 240 195 95 75 39 21 H 750 690 630 580 480 360 290 135 90 46 24 H
I 350 325 310 290 260 205 170 90 70 37 20 I 540 510 490 460 410 315 260 125 85 44 23 I
J 260 250 235 225 215 175 150 80 65 35 19 J 410 390 370 355 340 270 230 115 80 42 22 J
K 205 190 180 170 165 145 125 75 60 32 18 K 310 300 280 270 255 210 185 105 75 40 21 K
L 150 140 135 130 120 110 95 70 55 30 17 L 225 220 210 200 185 160 130 95 70 38 20 L
M 125 120 115 110 105 95 80 65 50 29 17 M 190 185 180 170 160 140 115 85 60 36 19 M
W: 631.40 = 0.00% T: 245.22 = 0.00% W: 974.40 = 0.00% T: 372.01 = 0.00%
Prices in this report reflect our opinion of HIGH CASH ASKING PRICES. These prices are often discounted and may be substantially higher than actual transaction prices. No guarantees
are made and no liabilities are assumed as to the accuracy or validity of this information. © 2019 by Martin Rapaport. All rights reserved. Reproduction in any form is strictly prohibited.