 | |
| 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.
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]