RapNet, now known as Rapaport Trade, is an online trading platform for diamonds, gemstones, and jewelry.[1][2][3] It was launched in 1996 and is operated by the Rapaport Group.[4][5]
 | |
| Formerly | RapNet |
|---|---|
| Type | Subsidiary |
| Industry | Online trading |
| Founded | 1996 |
| Founder | Martin Rapaport |
| Headquarters | , |
Key people | Dan Mano (Rapaport Group CEO) |
| Services | Online trading of diamond, gemstones, and jewelry |
| Parent | Rapaport Group |
Overview
editRapNet was founded in 1996 by Martin Rapaport. It was initially called the Internet Diamond Exchange (INDEX), but was later renamed to RapNet.[6][7] 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.[8][9][10]
In 2014 RapNet removed all diamonds graded by EGL laboratories, due to grading standards.[11] 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).[12][13][14]
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).[15][16][17][18]
The platform functions as a subscription-based marketplace and is limited to trade professionals such as jewelers, diamond and gemstone dealers, and manufacturers.[19] 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.[5][20]
In 2026, RapNet was rebranded as Rapaport Trade as part of a wider Rapaport Group rebrand to bring its pricing, trading, market intelligence, auctions, and news platforms under a single brand.[21][3]
References
edit- ↑ "Retooled RapNet to Launch Today". nationaljeweler.com. Retrieved 25 September 2025.
- ↑ Faulkner, Ruth (10 May 2022). "RapNet bans Russian diamonds from its trading network". Retail Jeweller. Retrieved 25 September 2025.
- 1 2 "Rapaport Announces Group-Wide Rebrand to Lead the Diamond Industry's Evolution in a Changing Market, with RapNet Transitioning to Rapaport Trade" (Press release). Business Wire. 20 May 2026. Retrieved 12 June 2026.
- ↑ "US Diamond Trading Group Bans Zimbabwe's Marange Diamonds Despite Kimberly OK". Voice of America. 13 August 2010. Retrieved 25 September 2025.
- 1 2 Steinberg, Julie (24 October 2012). "Investing in Diamonds: The Clear-Cut Truth". Wall Street Journal. ISSN 0099-9660. Retrieved 25 September 2025.
- ↑ Hailes, Stacey (6 April 2020). "Diamond traders revolt against RapNet over pricing row". Retrieved 25 September 2025.
- ↑ Ord, Samuel (5 November 2022). "RapNet outlaws Russian diamonds". jewellermagazine.com. Retrieved 25 September 2025.
- ↑ "Rapaport Suspends Price List Amid Furor | JCK Magazine". 23 March 2020. Retrieved 25 September 2025.
- ↑ "Rapaport bans Zimbabwe Diamonds". Mmegi Online. 18 August 2010. Retrieved 25 September 2025.
- ↑ "Rapaport To Launch Coloured Gemstone Trading Network". gjepc.org. Retrieved 25 September 2025.
- ↑ "Exposing Diamond Overgrading at EGL Labs". International Gem Society.
- ↑ "Diamond Grading Reports from 2 Labs Added to RapNet". nationaljeweler.com. Retrieved 25 September 2025.
- ↑ "GHI Reports to Be Listed on RapNet - JCK". 20 April 2016. Retrieved 25 September 2025.
- ↑ Journalist, Stephanie Chan • Staff (5 March 2016). "De Beers, GHI approved for RapNet listing". jewellermagazine.com. Retrieved 25 September 2025.
- ↑ Billen, Hugo (2 February 2025). "Sponsored Content: A New Era for the Gem Trade - RapNet and AGTA Join Forces". Rapaport. Retrieved 25 September 2025.
- ↑ Billen, Hugo (20 January 2025). "RapNet Launches Gemstone Trading Network in Collaboration with AGTA". Rapaport. Retrieved 25 September 2025.
- ↑ "RapNet and AGTA to jointly launch gemstone trading network". Rough&Polished. Retrieved 25 September 2025.
- ↑ "RapNet, AGTA Partner to Launch Gemstone Trading Network". nationaljeweler.com. Retrieved 25 September 2025.
- ↑ "RapNet Membership Plans". www.rapnet.com. Retrieved 25 September 2025.
- ↑ "Rapaport Press Release: Diamond Market Stable but Cautious" (Press release).
- ↑ "RapNet Rebranding as Rapaport Trade". nationaljeweler.com. Retrieved 4 June 2026.