RapNet

RapNet
Company type
Subsidiary
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]

In May 2026, Rapaport announced its company-wide rebrand and RapNet is now known as Rapaport Trade.[20]

References

  1. ^ "Retooled RapNet to Launch Today". nationaljeweler.com. Retrieved 25 September 2025.
  2. ^ Faulkner, Ruth (10 May 2022). "RapNet bans Russian diamonds from its trading network". Retail Jeweller. Retrieved 25 September 2025.
  3. ^ a b Steinberg, Julie (24 October 2012). "Investing in Diamonds: The Clear-Cut Truth". Wall Street Journal. ISSN 0099-9660. Retrieved 25 September 2025.
  4. ^ "US Diamond Trading Group Bans Zimbabwe's Marange Diamonds Despite Kimberly OK". Voice of America. 13 August 2010. Retrieved 25 September 2025.
  5. ^ Hailes, Stacey (6 April 2020). "Diamond traders revolt against RapNet over pricing row". Retrieved 25 September 2025.
  6. ^ Ord, Samuel (5 November 2022). "RapNet outlaws Russian diamonds". jewellermagazine.com. Retrieved 25 September 2025.
  7. ^ "Rapaport Suspends Price List Amid Furor | JCK Magazine". 23 March 2020. Retrieved 25 September 2025.
  8. ^ "Rapaport bans Zimbabwe Diamonds". Mmegi Online. 18 August 2010. Retrieved 25 September 2025.
  9. ^ "Rapaport To Launch Coloured Gemstone Trading Network". gjepc.org. Retrieved 25 September 2025.
  10. ^ "Exposing Diamond Overgrading at EGL Labs". International Gem Society.
  11. ^ "Diamond Grading Reports from 2 Labs Added to RapNet". nationaljeweler.com. Retrieved 25 September 2025.
  12. ^ "GHI Reports to Be Listed on RapNet - JCK". 20 April 2016. Retrieved 25 September 2025.
  13. ^ Journalist, Stephanie Chan • Staff (5 March 2016). "De Beers, GHI approved for RapNet listing". jewellermagazine.com. Retrieved 25 September 2025.
  14. ^ Billen, Hugo (2 February 2025). "Sponsored Content: A New Era for the Gem Trade - RapNet and AGTA Join Forces". Rapaport. Retrieved 25 September 2025.
  15. ^ Billen, Hugo (20 January 2025). "RapNet Launches Gemstone Trading Network in Collaboration with AGTA". Rapaport. Retrieved 25 September 2025.
  16. ^ "RapNet and AGTA to jointly launch gemstone trading network". Rough&Polished. Retrieved 25 September 2025.
  17. ^ "RapNet, AGTA Partner to Launch Gemstone Trading Network". nationaljeweler.com. Retrieved 25 September 2025.
  18. ^ "RapNet Membership Plans". www.rapnet.com. Retrieved 25 September 2025.
  19. ^ "Rapaport Press Release: Diamond Market Stable but Cautious" (Press release).
  20. ^ "RapNet Rebranding as Rapaport Trade". nationaljeweler.com. Retrieved 4 June 2026.

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