Rough Diamond purchase price calculation
The principal factors which can influence the purchase price of rough diamond :
Where the transaction takes place.
Transport costs of the physical transference of the rough diamonds?
Costs of buying rough diamonds: travel, hotel, negotiations, licencing fees and duties
The crystalline structure of rough diamonds., the shapes, cleavages, macles, flats.
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- Calculate the total weight of the finished stones.
- Value un-polished rough diamonds.
- Work out the profit margins for the purchase and sale of the rough diamond.
- Give you an overview of all structures (stones, shapes, cleavages, flats, and macles), all of them can be analyzed.
- Give you a rough diamond purchase price list formula.
What Are Rough Diamonds?
Rough diamonds are the purest form of diamonds Raw and uncut diamonds are what are excavated from the earth in the mining facilities.
The purest of the diamonds has no cuts, no polishing, not embedded in gold – just the un-cut diamond that has been taken out of the ground.
Is the Rapaport Report Going to be Relevant to you purchasing rough?
First of all, the Rapaport report or RAP sheet is a theoretical system of estimating diamond prices in business transactions. The prices shown on the RAP sheet are intended for use as a guideline only.
Even the Rapaport sheet has a prominent disclaimer noted at the footer of the price list and I quote: “Prices in this report reflect our opinion of HIGH CASH NEW YORK ASKING PRICES. These prices may be substantially higher than actual transaction prices. No guarantees are made and no liabilities are assumed as to the accuracy of the information in this report.”
Is It Illegal To Have Uncut Diamonds?
It is not illegal to have uncut diamonds – but only under certain conditions.
The truth is, there is a way to do everything by the books and in a completely legal way.
In South Africa you will need to apply for a un-cut diamond dealers licence, Diamgold can assist you with an application
If you decide to buy uncut diamonds, you must buy them from a licensed seller that will provide you with certificates about the origin and the state of the precious stone.
So, in general, having an uncut diamond is not illegal if you have, a licence, permit, certificates providing more information about the stone.
It should go without saying, but always buy uncut diamonds from a reputable dealer, whether online or mine. Make sure that you have a receipt / brokers note,, as well as all the certificates the diamond should have.
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