Company:RapNet

From HandWiki
RapNet
TypeSubsidiary
IndustryOnline trading
Founded1996
FounderMartin Rapaport
Headquarters
Las Vegas, Nevada
Key people
Dan Mano (Rapaport Group CEO)
ServicesOnline trading of diamond, gemstones and jewelry
ParentRapaport Group

RapNet is an online trading platform for diamonds, gemstones, and jewelry.[1][2][3][4] It was launched in 1996 and is operated by the Rapaport Group.

Overview

RapNet was founded in 1996 by Martin Rapaport. It was initially called the Internet Diamond Exchange (INDEX), but was later renamed to RapNet.[5][6] The platform originally provided diamond trading services before expanding to other items such as gemstones and jewelry. It operates as a subsidiary of the Rapaport Group.[7][8][9]

In 2014 RapNet removed all diamonds graded by EGL laboratories, due to grading standards.[10] In 2016 the platform began listing diamonds with reports from the GHI Gemological Laboratory and De Beers’ International Institute of Diamond Grading and Research (IIDGR).[11][12][13]

By 2019 RapNet began allowing jewelry listings in addition to loose diamonds. In 2025 it added a service for trading colored gemstones in collaboration with the American Gem Trade Association (AGTA).[14][15][16][17]

The platform functions as a subscription-based marketplace and is limited to trade professionals such as jewelers, diamond and gemstone dealers, and manufacturers.[18] RapNet uses the Rapaport Diamond Report as the standard diamond price list, and also maintains the RapNet Diamond Index (RAPI), which tracks average asking prices on the platform.[3][19]

References

  1. ↑ "Retooled RapNet to Launch Today" (in en). https://nationaljeweler.com/articles/5427-retooled-rapnet-to-launch-today. 
  2. ↑ Faulkner, Ruth (2022-05-10). "RapNet bans Russian diamonds from its trading network" (in en). https://www.retail-jeweller.com/news-and-insight/rapnet-bans-russian-diamonds-from-its-trading-network-10-05-2022/. 
  3. ↑ 3.0 3.1 Steinberg, Julie (2012-10-24). "Investing in Diamonds: The Clear-Cut Truth" (in en-US). Wall Street Journal. ISSN 0099-9660. http://blogs.wsj.com/totalreturn/2012/10/24/investing-in-diamonds-the-clear-cut-truth/. 
  4. ↑ "US Diamond Trading Group Bans Zimbabwe's Marange Diamonds Despite Kimberly OK" (in en). 2010-08-13. https://www.voazimbabwe.com/a/us-diamond-network-bans-zimbabwe-marange-diamonds-100641409/1471496.html. 
  5. ↑ Hailes, Stacey (2020-04-06). "Diamond traders revolt against RapNet over pricing row" (in en-GB). https://www.professionaljeweller.com/diamond-traders-revolt-against-rapnet-over-pricing-row/. 
  6. ↑ Ord, Samuel (2022-11-05). "RapNet outlaws Russian diamonds". https://www.jewellermagazine.com/Article/10646/RapNet-outlaws-Russian-diamonds. 
  7. ↑ "Rapaport Suspends Price List Amid Furor | JCK Magazine" (in en-US). 2020-03-23. https://www.jckonline.com/editorial-article/rapaport-suspend-price-list-furor/. 
  8. ↑ "Rapaport bans Zimbabwe Diamonds" (in en). 2010-08-18. https://www.mmegi.bw/business/rapaport-bans-zimbabwe-diamonds/news. 
  9. ↑ "Rapaport To Launch Coloured Gemstone Trading Network" (in en). https://gjepc.org/news_detail.php?news=rapaport-to-launch-coloured-gemstone-trading-network-1. 
  10. ↑ "Exposing Diamond Overgrading at EGL Labs". https://www.gemsociety.org/article/exposing-overgrading-at-egl/. 
  11. ↑ "Diamond Grading Reports from 2 Labs Added to RapNet" (in en). https://nationaljeweler.com/articles/5956-diamond-grading-reports-from-2-labs-added-to-rapnet. 
  12. ↑ "GHI Reports to Be Listed on RapNet - JCK" (in en-US). 2016-04-20. https://www.jckonline.com/editorial-article/ghi-reports-to-be-listed-on-rapnet/. 
  13. ↑ Journalist, Stephanie Chan • Staff (2016-03-05). "De Beers, GHI approved for RapNet listing". https://www.jewellermagazine.com/Article/5799/De-Beers-GHI-approved-for-RapNet-listing. 
  14. ↑ Billen, Hugo (2025-02-02). "Sponsored Content: A New Era for the Gem Trade - RapNet and AGTA Join Forces" (in en-US). https://rapaport.com/magazine-articles/a-new-era-for-the-gem-trade-rapnet-and-agta-join-forces/. 
  15. ↑ Billen, Hugo (2025-01-20). "RapNet Launches Gemstone Trading Network in Collaboration with AGTA" (in en-US). https://rapaport.com/press-releases/rapnet-launches-gemstone-trading-network-in-collaboration-with-agta/. 
  16. ↑ "RapNet and AGTA to jointly launch gemstone trading network". https://rough-polished.expert/en/news/140082.html. 
  17. ↑ "RapNet, AGTA Partner to Launch Gemstone Trading Network" (in en). https://nationaljeweler.com/articles/13586-rapnet-agta-partner-to-launch-gemstone-trading-network. 
  18. ↑ "RapNet Membership Plans" (in en). https://www.rapnet.com/rapnet-membership-plans/. 
  19. ↑ "Rapaport Press Release: Diamond Market Stable but Cautious" (Press release).



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