Know Current Prices Before Making the Big Buy
There’s a tool that dealers use that they won’t tell you about, but it is accessible to ordinary buyers, too. Get the Rapaport Diamond Report, which gets updated weekly, and refer to it for the latest diamond prices. The report lists prices by size, color, and clarity. It’s a valuable tool for you to know if the jeweller’s markup is too much. If you multiply the size (given as carat) by the price listed, you’ll get a resulting number. Simply add 2 zeros to this number, and you have a figure that is roughly what the dealer paid for the diamond.