RapNet, a member of the Rapaport Group of Companies and the world’s largest diamond trading network, will be introducing jewelry into its global trading network, as announced yesterday in a press release. RapNet members can now upload jewelry images and data, perform detailed searches, and directly trade jewelry with each other without any fees or commissions. There are no additional fees to use this service.
The release states, "The addition of jewelry on RapNet provides significant added value to RapNet members and is expected to significantly expand RapNet’s membership and reach into the global jewelry trade. RapNet currently lists over 1.5 million diamonds valued at more than $7.4 billion, with members in 97 countries." Saville Stern, CEO of RapNet, said, "We are continuing to deliver on our promise to add value to our membership. In recent years our jewelry retailer membership has grown tremendously, and many traditional diamond suppliers have begun offering jewelry lines. The RapNet network now provides one platform that meets all their jewelry and diamond trading needs. We are excited that jewelry trading will take its place on RapNet, and we look forward to providing more opportunities for our members to increase their profits.”