A rotary tableting press includes a turret with upper and lower carousels in which upper and lower punch assemblies are removably supported. The upper and lower punch assemblies include punch casings having a central opening and a punch slidably received in the central opening of the casing. The upper and lower punches are normally biased away from one another. Rollers are positioned on the tablet press and adapted to engage the punches to direct the upper and lower punches toward one another to compress material placed between the punches to form a tablet.