RapNet
| File:Rapnetlogo.svg | |
| Company 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 |
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
[edit | edit source]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
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