RAPAPORT DIAMOND REPORT

Tel: 877-987-3400 www.RAPAPORT.com Info@RAPAPORT.com

January 28, 2022 : Volume 45 No. 4: 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: Positive market mood tempered by geopolitical tensions, stock-market volatility and continued Omicron spread. Dealers cautious about
price levels despite good demand and shortages of 3X stones. Easier to sell than to buy. Rough trading steady amid low supply. Alrosa Jan. prices
+5% to +7%; 2021 price index +33%, rough sales +50% to $4B, sales volume +27% to 45.5M cts. De Beers 2021 sales volume +60% to 36.3M cts.,
production +29% to 32.3M cts., average price +10% to $146/ct. Mid-tier miners Grib and Mountain Province see strong Jan. gains. High-end jewelry
doing well. Swatch 2021 revenue +31% to $7.9B. Industry mourns passing of celebrated diamantaire Johnny Kneller.

RAPAPORT : (.01 - .03 CT.) : 01/28/22 ROUNDS RAPAPORT : (.04 - .07 CT.) : 01/28/22
,)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.) : 01/28/22 ROUNDS RAPAPORT : (.15 - .17 CT.) : 01/28/22
,)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.) : 01/28/22 ROUNDS RAPAPORT : (.23 - .29 CT.) : 01/28/22
,)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.) : 01/28/22 ROUNDS RAPAPORT : (.40 - .49 CT.) : 01/28/22
,) 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.) : 01/28/22 ROUNDS RAPAPORT : (.70 - .89 CT.) : 01/28/22
,) 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 info@RAPAPORT.com
January 28, 2022 : Volume 45 No. 4: 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 prices@Diamonds.Net.
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.) : 01/28/22 ROUNDS RAPAPORT : (1.00 - 1.49 CT.) : 01/28/22
,) 996996 96 96 6, 6, 6, , , , ,) 996996 96 96 6, 6, 6, , , ,
D 135 120 105 90 81 65 56 46 37 22 15 D 210 168 145 130 116 91 75 60 50 25 16 D
E 120 110 98 85 76 61 53 43 36 21 14 E 163 148 134 122 108 87 71 58 48 24 15 E
F 110 102 90 79 71 58 49 41 35 20 13 F 145 137 124 116 103 82 68 55 45 23 14 F
G 98 88 79 74 66 55 46 39 34 19 12 G 123 117 111 106 98 78 64 53 43 22 13 G
H 82 75 70 66 62 51 43 36 32 18 12 H 105 101 97 92 87 72 61 50 40 21 13 H
I 67 63 60 57 54 47 40 34 29 17 11 I 84 81 78 74 70 65 56 47 37 20 12 I
J 56 53 51 48 46 41 35 29 25 16 10 J 69 66 63 60 57 53 48 42 34 19 12 J
K 47 45 43 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: 89.28 = 0.00% T: 46.51 = 0.00% 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.) : 01/28/22 ROUNDS RAPAPORT : (2.00 - 2.99 CT.) : 01/28/22
,) 996996 96 96 6, 6, 6, , , , ,) 996996 96 96 6, 6, 6, , , ,
D 266 230 200 180 155 125 103 85 70 35 18 D 430 345 290 245 215 175 143 108 87 39 19 D
E 235 212 187 168 146 119 97 81 66 33 17 E 345 310 265 230 200 165 133 101 83 38 18 E
F 208 188 168 153 137 113 90 77 63 32 16 F 300 275 245 215 185 153 124 95 79 36 17 F
G 172 160 146 135 123 107 85 74 60 30 15 G 250 230 210 190 175 142 116 88 76 34 16 G
H 140 132 124 118 111 100 81 69 56 29 15 H 205 190 180 165 150 131 110 82 72 32 15 H
I 116 110 105 99 93 85 75 64 51 27 14 I 165 155 146 137 128 116 103 77 67 30 15 I
J 96 90 86 82 77 71 66 56 46 25 14 J 137 128 120 112 106 99 89 72 63 28 14 J
K 81 75 71 67 63 59 54 49 42 23 13 K 114 105 96 88 83 78 72 63 54 26 14 K
L 70 65 60 56 53 49 45 41 37 22 12 L 93 85 78 72 67 63 59 53 47 25 13 L
M 61 56 50 47 44 42 39 36 32 21 12 M 76 71 66 61 57 54 50 45 40 24 13 M
W: 167.76 = 0.00% T: 84.09 = 0.00% W: 241.60 = 0.00% T: 115.26 = 0.00%
3.50+,4.5+ may trade at 5% to 10% premium over straight sizes

RAPAPORT : (3.00 - 3.99 CT.) : 01/28/22 ROUNDS RAPAPORT : (4.00 - 4.99 CT.) : 01/28/22
,) 996996 96 96 6, 6, 6, , , , ,) 996996 96 96 6, 6, 6, , , ,
D 680 545 475 400 330 255 215 137 100 46 21 D 835 700 615 520 425 305 245 140 105 51 23 D
E 530 465 415 355 300 235 200 130 95 44 20 E 660 595 535 475 400 285 230 135 100 49 22 E
F 450 405 360 315 275 220 185 123 90 42 19 F 575 520 475 415 355 265 215 130 95 47 21 F
G 370 335 305 275 245 200 165 112 86 40 18 G 470 435 395 360 315 240 195 118 89 44 20 G
H 290 265 245 225 205 180 148 100 81 38 17 H 360 335 315 295 260 210 175 107 85 41 19 H
I 235 215 200 185 175 160 134 91 74 35 16 I 280 260 245 230 205 180 155 100 81 39 18 I
J 190 175 165 155 145 133 118 83 67 32 15 J 225 210 195 185 170 150 135 88 71 37 17 J
K 155 145 135 130 120 109 100 70 58 30 15 K 185 175 160 150 140 125 115 78 62 34 17 K
L 124 117 110 105 97 89 80 60 50 29 14 L 150 140 130 120 110 100 95 69 56 32 16 L
M 102 96 89 84 80 75 65 53 44 28 14 M 121 110 100 95 90 85 75 61 47 30 16 M
W: 362.40 = 0.00% T: 162.65 = 0.00% 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.) : 01/28/22 ROUNDS RAPAPORT : (10.00 - 10.99 CT.) : 01/28/22
,) 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.