Cut, color, clarity, carat weight and . . . commodity? If the Rapaport Group -- founder of the world’s largest diamond-trading platform -- has its way, a regulated and completely price-transparent diamond futures index will be up and running by 2009.
Martin Rapaport, chairman of New Yorkbased Rapaport Group, whose Rapaport Diamond Report has been the primary source of diamond-pricing information for the international jewelry market since the late 1970s, says the index would remove the secrecy surrounding pricing and enable traders to trade the gems...