Rapaport Press Release
Rapaport to Publish New RapNet® Diamond Price List and Index
January 17, 2008, New York - The Rapaport Group is pleased to present our new RapNet Best Price List and RAPI Indices. The RapNet Diamond Trading Network, with daily listings of over $3.1 billion of diamonds, will now provide a weekly price list showing the best and average asking prices for select categories of fine quality diamonds. The price information will be presented as a discount or premium percentage from the standard Rapaport Price List. RapNet Asking Price Indices (RAPI) will also be published for D-H, IF-VS2 quality diamonds in 0.30 to 3 carat sizes.

The new RapNet Best Price List complements the standard Rapaport Price List as it presents independent asking price data that reflect volatile daily market forces and detailed discount information. The standard Rapaport Price List will continue as the primary source of diamond price information to the diamond industry as it presents more stable pricing guidelines based on the opinion of Martin Rapaport.

The RapNet Best Price List will be distributed exclusively to members of the RapNet Diamond Trading Network all of whom are members of the trade. The weekly report will reflect RapNet market conditions as of midnight Saturday NY time. Additional monthly reports will be available. Continuous 24/7 best price and average price information are available on RapNet trading screens.

“The new RapNet Best Price List will enable increased transparency as it provides standardized discount information to the diamond trade. Dealers and retailers will now have better information as to the level of trading discounts from the Rapaport Price List. Traders will be able to monitor detailed movements of asking prices on an hourly and daily basis by monitoring RapNet trading screens and the new RAPI indices,” said, Martin Rapaport, Chairman of the Rapaport Group.

Additional information is available at www.rap.net/RapNetPriceList.

Media Contact: media@diamonds.net Sherri Hendricks
+1-702-893-9400 or Leah Granof +1 646-217-4263

About RapNet: RapNet is the exclusive online diamond trading network for more than 3,300 qualified members of the diamond trade. With daily listings of over 300,000 certified diamonds valued over $3.1 billion, RapNet provides a real-time global market offering instant access to the best diamonds at the best prices.

About the Rapaport Group: The Rapaport Group is an international network of companies providing added value services that support the development of free, fair and competitive global diamond markets. Established in 1978, the Rapaport Diamond Report is the primary source of diamond prices and market information. Group activities include publishing, research and marketing services, internet information and diamond trading networks, global rough and polished diamond tenders, diamond certification, quality-control, compliance, shipping, and financial services. Major activities of the group include the development of markets for Fair Trade Diamonds and Jewelry as well as the creation of diamond futures markets. Additional information is available at www.diamonds.net.

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