RAPAPORT DIAMOND REPORT

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

February 11, 2022 : Volume 45 No. 6: 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: WARNING: Rough prices speculatively high. Rough markets overheating as premiums rise on secondary market and at auctions. Dealers
optimistic even though trading has slowed. Buyers growing cautious after strong January inventory replacement. Suppliers have good liquidity,
maintaining firm prices and pushing discounts even lower in some categories. US retail stable but seasonally slower. China quiet amid ongoing
Covid-19 restrictions. Global 2021 jewelry sales +29%, with US +38%, China +19% and India +16%, according to Bain report. Titan Company 3Q
sales +32% to $1.4B, profit +91% to $136M. Sotheby’s sells 555.55 ct., fancy-black Enigma diamond for $4.3M ($7,709/ct.).

RAPAPORT : (.01 - .03 CT.) : 02/11/22 ROUNDS RAPAPORT : (.04 - .07 CT.) : 02/11/22
,)996 96 6, 6, 6, , , , ,)996 96 6, 6, 6, , , ,
D-F 7.4 6.7 5.9 5.2 4.3 3.8 3.3 2.6 D-F 8.5 7.7 6.6 5.7 4.8 4.2 3.7 2.8 D-F
G-H 6.7 6.0 5.3 4.7 4.0 3.5 2.9 2.4 G-H 7.2 6.5 5.8 5.1 4.4 3.9 3.4 2.6 G-H
I-J 6.1 5.5 4.9 4.3 3.6 3.1 2.6 2.2 I-J 6.6 5.9 5.3 4.7 4.1 3.6 3.1 2.4 I-J
K-L 4.3 3.8 3.4 3.0 2.7 2.3 1.9 1.5 K-L 4.6 4.1 3.7 3.3 2.9 2.5 2.1 1.6 K-L
M-N 2.9 2.5 2.2 1.9 1.7 1.5 1.3 1.1 M-N 3.1 2.7 2.4 2.1 1.8 1.6 1.4 1.2 M-N

RAPAPORT : (.08 - .14 CT.) : 02/11/22 ROUNDS RAPAPORT : (.15 - .17 CT.) : 02/11/22
,)996 96 6, 6, 6, , , , ,)996 96 6, 6, 6, , , ,
D-F 9.8 8.9 7.9 7.0 6.3 5.4 4.5 3.7 D-F 11.8 10.5 9.2 8.2 7.2 5.9 4.8 4.0 D-F
G-H 8.6 7.9 7.1 6.4 5.8 4.9 4.1 3.4 G-H 10.4 9.3 8.2 7.2 6.4 5.3 4.3 3.7 G-H
I-J 7.8 7.1 6.5 5.9 5.3 4.5 3.7 3.0 I-J 9.5 8.5 7.4 6.5 5.7 4.8 3.9 3.3 I-J
K-L 6.2 5.6 5.0 4.4 3.8 3.2 2.6 2.1 K-L 7.3 6.4 5.6 4.8 4.1 3.4 2.8 2.4 K-L
M-N 4.1 3.7 3.3 2.9 2.5 2.1 1.8 1.4 M-N 5.0 4.4 3.9 3.4 2.9 2.4 2.0 1.7 M-N
•It is illegal and unethical to reproduce this price sheet. Please do not make copies. © 2022

RAPAPORT : (.18 - .22 CT.) : 02/11/22 ROUNDS RAPAPORT : (.23 - .29 CT.) : 02/11/22
,)996 96 6, 6, 6, , , , ,)996 96 6, 6, 6, , , ,
D-F 14.2 12.3 10.4 9.0 7.8 6.4 5.1 4.4 D-F 17.3 15.0 12.0 10.2 8.5 7.0 5.6 4.7 D-F
G-H 12.7 11.0 9.4 8.1 7.0 5.8 4.7 4.0 G-H 15.2 13.1 10.8 9.1 7.7 6.3 5.1 4.3 G-H
I-J 10.9 9.5 8.2 7.1 6.2 5.2 4.2 3.6 I-J 12.5 10.9 9.2 7.9 6.8 5.7 4.6 3.9 I-J
K-L 8.2 7.1 6.1 5.2 4.5 3.7 3.1 2.6 K-L 9.9 8.6 7.3 6.3 5.4 4.3 3.5 2.8 K-L
M-N 6.6 5.7 4.9 4.1 3.4 2.7 2.2 1.8 M-N 8.3 7.1 6.0 5.1 4.3 3.4 2.5 2.0 M-N

RAPAPORT : (.30 - .39 CT.) : 02/11/22 ROUNDS RAPAPORT : (.40 - .49 CT.) : 02/11/22
,) 996996 96 96 6, 6, 6, , , , ,) 996996 96 96 6, 6, 6, , , ,
D 38 30 28 26 24 22 19 17 15 10 7 D 44 36 34 32 29 25 22 19 17 11 8 D
E 30 28 26 24 23 21 18 16 14 9 6 E 37 34 32 30 28 24 21 18 16 10 7 E
F 29 27 25 23 22 20 17 15 13 9 6 F 34 32 30 28 27 23 20 17 15 10 7 F
G 27 25 23 22 21 19 16 14 12 8 5 G 31 30 28 27 26 22 19 16 14 9 6 G
H 25 23 22 21 20 18 15 12 10 8 5 H 29 28 27 26 25 21 18 15 13 9 6 H
I 23 22 21 20 19 16 14 11 9 7 5 I 26 25 24 23 22 19 16 14 12 8 6 I
J 20 19 18 17 16 15 13 10 8 7 4 J 23 22 21 20 19 17 15 13 11 8 5 J
K 18 17 16 15 14 13 11 9 7 6 4 K 20 19 18 17 16 15 13 11 9 7 5 K
L 16 15 14 13 12 11 9 8 6 5 3 L 18 17 16 15 14 13 11 9 8 6 4 L
M 15 14 13 12 11 10 8 7 5 4 3 M 16 15 14 13 12 11 10 8 7 5 4 M
W: 25.28 = 0.00% T: 15.33 = 0.00% W: 30.56 = 0.00% T: 18.06 = 0.00%
0.60 - 0.69 may trade at 7% to 10% premiums over 0.50 0.70–0.73 may trade at discount, 0.80–0.89 may trade at 7% to 12% premium.

RAPAPORT : (.50 - .69 CT.) : 02/11/22 ROUNDS RAPAPORT : (.70 - .89 CT.) : 02/11/22
,) 996996 96 96 6, 6, 6, , , , ,) 996996 96 96 6, 6, 6, , , ,
D 70 56 50 46 43 37 30 26 22 15 11 D 92 71 63 59 56 48 40 33 28 19 12 D
E 55 51 47 44 41 35 29 25 21 14 10 E 71 66 61 57 54 46 38 31 27 18 11 E
F 49 47 45 43 40 34 28 24 20 13 10 F 65 62 58 55 52 43 36 29 25 17 11 F
G 45 43 42 41 39 33 27 23 19 12 9 G 59 56 54 52 50 41 34 28 24 16 10 G
H 42 41 40 39 37 31 26 22 18 11 8 H 55 52 50 48 46 38 32 26 22 15 9 H
I 36 35 34 33 31 27 24 20 15 10 8 I 46 44 42 40 38 33 29 24 20 14 9 I
J 30 29 28 27 25 23 21 19 14 10 7 J 38 36 34 32 30 28 26 22 19 13 8 J
K 25 24 23 22 21 19 18 16 12 9 7 K 32 30 28 27 26 24 22 19 16 12 8 K
L 21 20 19 18 17 16 15 13 10 8 6 L 28 26 24 23 22 21 19 15 13 10 7 L
M 19 18 17 16 15 14 13 10 9 7 5 M 25 23 22 21 20 19 17 14 11 8 6 M
W: 45.44 = 0.00% T: 25.34 = 0.00% W: 58.56 = 0.00% T: 32.13 = 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 © 2022 by Rapaport USA Inc. All rights reserved. Reproduction in any form is strictly prohibited.
 RAPAPORT DIAMOND REPORT
Tel: 877-987-3400 www.RAPAPORT.com [email protected]
February 11, 2022 : Volume 45 No. 6: 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.) : 02/11/22 ROUNDS RAPAPORT : (1.00 - 1.49 CT.) : 02/11/22
,) 996996 96 96 6, 6, 6, , , , ,) 996996 96 96 6, 6, 6, , , ,
D 139 124 108 94 83 67 56 46 37 22 15 D 210 168 145 130 116 91 75 60 50 25 16 D
E 124 114 101 88 78 63 53 43 36 21 14 E 163 148 134 122 108 87 71 58 48 24 15 E
F 113 105 93 81 73 60 49 41 35 20 13 F 145 137 124 116 103 82 68 55 45 23 14 F
G 101 91 82 75 68 57 46 39 34 19 12 G 123 117 111 106 98 78 64 53 43 22 13 G
H 84 77 72 68 64 53 43 36 32 18 12 H 105 101 97 92 87 72 61 50 40 21 13 H
I 69 65 62 59 56 48 40 34 29 17 11 I 84 81 78 74 70 65 56 47 37 20 12 I
J 58 55 53 50 47 42 35 29 25 16 10 J 69 66 63 60 57 53 48 42 34 19 12 J
K 48 46 44 41 39 35 30 25 22 14 9 K 58 55 51 48 45 42 39 36 32 17 11 K
L 41 39 37 35 33 29 25 22 19 13 8 L 48 45 43 41 39 36 33 31 28 16 10 L
M 36 34 32 30 28 26 22 20 16 11 7 M 42 40 38 36 35 33 29 27 25 15 10 M
W: 92.00 = 3.05% T: 47.44 = 1.99% W: 124.24 = 0.00% T: 62.04 = 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.) : 02/11/22 ROUNDS RAPAPORT : (2.00 - 2.99 CT.) : 02/11/22
,) 996996 96 96 6, 6, 6, , , , ,) 996996 96 96 6, 6, 6, , , ,
D 274 237 206 184 160 129 106 88 74 35 18 D 445 360 300 250 220 180 147 111 91 42 19 D
E 242 218 193 172 150 123 100 83 69 33 17 E 360 320 275 235 205 170 137 104 87 40 18 E
F 214 194 173 157 141 116 93 79 66 32 16 F 310 285 250 220 190 158 128 98 83 38 17 F
G 177 165 150 139 127 110 88 76 63 30 15 G 260 235 215 195 175 146 119 91 80 36 16 G
H 144 136 129 122 114 103 83 71 59 29 15 H 210 195 185 170 155 135 113 84 76 34 15 H
I 120 114 108 102 96 88 77 66 54 27 14 I 170 160 150 141 132 119 106 79 70 32 15 I
J 99 94 89 84 79 73 68 58 48 25 14 J 141 132 124 115 109 102 92 74 66 29 14 J
K 83 77 73 69 65 61 56 50 44 23 13 K 117 108 99 91 86 81 75 65 57 27 14 K
L 71 66 61 57 54 50 46 42 39 22 12 L 96 88 80 74 69 65 61 55 49 26 13 L
M 62 57 51 48 45 43 40 37 34 21 12 M 78 73 67 62 58 55 51 46 42 25 13 M
W: 172.72 = 2.96% T: 86.53 = 2.90% W: 248.80 = 2.98% T: 118.83 = 3.09%
3.50+,4.5+ may trade at 5% to 10% premium over straight sizes

RAPAPORT : (3.00 - 3.99 CT.) : 02/11/22 ROUNDS RAPAPORT : (4.00 - 4.99 CT.) : 02/11/22
,) 996996 96 96 6, 6, 6, , , , ,) 996996 96 96 6, 6, 6, , , ,
D 680 545 475 400 340 265 220 144 105 48 21 D 835 700 615 520 425 305 245 140 105 51 23 D
E 545 480 425 365 310 245 205 137 100 46 20 E 660 595 535 475 400 285 230 135 100 49 22 E
F 465 415 370 325 285 225 190 129 95 44 19 F 575 520 475 415 355 265 215 130 95 47 21 F
G 380 345 315 285 250 205 170 118 90 42 18 G 470 435 395 360 315 240 195 118 89 44 20 G
H 300 275 250 230 210 185 152 105 85 40 17 H 360 335 315 295 260 210 175 107 85 41 19 H
I 240 220 205 190 180 165 138 96 78 37 16 I 280 260 245 230 205 180 155 100 81 39 18 I
J 195 180 170 160 150 137 122 87 70 34 15 J 225 210 195 185 170 150 135 88 71 37 17 J
K 155 145 135 130 120 109 100 74 61 32 15 K 185 175 160 150 140 125 115 78 62 34 17 K
L 124 117 110 105 97 89 80 63 53 30 14 L 150 140 130 120 110 100 95 69 56 32 16 L
M 102 96 89 84 80 75 65 56 46 29 14 M 121 110 100 95 90 85 75 61 47 30 16 M
W: 370.60 = 2.26% T: 166.63 = 2.44% W: 465.60 = 0.00% T: 198.28 = 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.) : 02/11/22 ROUNDS RAPAPORT : (10.00 - 10.99 CT.) : 02/11/22
,) 996996 96 96 6, 6, 6, , , , ,) 996996 96 96 6, 6, 6, , , ,
D 1180 940 825 745 610 435 325 165 120 55 25 D 1810 1435 1265 1145 960 645 475 245 135 62 27 D
E 880 800 725 650 555 405 305 160 115 53 23 E 1340 1240 1120 1015 875 595 440 230 130 59 26 E
F 750 695 625 570 490 370 290 150 110 50 22 F 1145 1080 975 870 755 550 415 215 125 57 25 F
G 625 580 535 490 420 330 275 145 105 48 21 G 960 900 830 750 650 500 385 200 120 55 24 G
H 490 460 420 380 335 275 230 135 96 45 21 H 755 710 660 595 520 420 340 180 115 53 23 H
I 370 350 325 300 265 230 195 125 89 43 20 I 575 545 515 480 420 355 285 165 110 50 22 I
J 290 265 245 230 215 195 170 115 83 40 19 J 445 415 390 365 340 295 245 145 105 48 21 J
K 225 210 200 185 175 160 145 105 76 38 18 K 350 330 310 290 270 230 200 130 95 46 20 K
L 180 170 160 150 140 130 120 95 65 35 17 L 275 260 240 220 205 185 155 115 83 44 19 L
M 150 140 135 125 115 105 95 75 57 32 16 M 225 210 200 185 175 160 135 100 70 42 18 M
W: 631.00 = 0.00% T: 260.93 = 0.00% W: 974.40 = 0.00% T: 392.35 = 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. © 2022 by Rapaport USA Inc. All rights reserved. Reproduction in any form is strictly prohibited.