The announcement coincided with its full-year results, with growth driven by its jewelry brands.
Retooled RapNet to Launch Today
Rapaport said it’s the first step in a $5 million development project for the company.
New York--Diamond trading network RapNet is getting a facelift, the beginning of what Rapaport said is a $5 million development project that will “revolutionize the electronic market for diamonds.”
The new and improved platform is launching today.
Its main feature is an inbox that allows users to house all communication about diamond transactions within the RapNet platform, eliminating the need to use emails, which are often hacked and used to misdirect diamond payments and shipments.
The new RapNet also has a faster and more intuitive diamond search function, a price calculator and a tool that will allow users to compare up to 10 diamonds at a time.
More information about the new platform is available at RapNet.com.
The company also is holding a webinar on Wednesday at 1 p.m. EST for those who want a live walk-through of the new platform with a RapNet staff member. To book a seat, visit Info.Rapnet.com.
Rapaport described the new RapNet as the first phase in its development project.
The company has been expanding in a number of ways in recent months, redesigning its magazine this past spring and hiring a new editor; launching an online education platform called Rapaport Academy in November; and, in December, making headlines in the industry by facilitating the sale of the “Peace Diamond” from Sierra Leone.
The Latest
Looking ahead, the retailer said it sees “enormous potential” in Roberto Coin’s ability to boost its branded jewelry business.
Jewelry trade show veterans share strategies for engaging buyers, managing your time effectively, and packing the right shoes.
Despite the rising prices, consumers continue to seek out the precious metal.
This little guy’s name is Ricky and he just sold for more than $200,000 at Sotheby’s Geneva jewelry auction.
Though its website has been down for a week, Christie’s proceeded with its jewelry and watch auctions on May 13-14, bringing in nearly $80 million.
Despite the absence of “The Allnatt,” Sotheby’s Geneva jewelry auction totaled $34 million, with 90 percent of lots sold.
Tradeshow risks are real. Get tips to protect yourself before, during and after and gain safety and security awareness for your business.
Lilian Raji gives advice to designers on how to make the most of great publicity opportunities.
Why do so many jewelers keep lines that are not selling? Peter Smith thinks the answer lies in these two behavioral principles.
The “Argyle Phoenix” sold for more than $4 million at the auction house’s second jewels sale.
The annual list recognizes young professionals making an impact in jewelry retail.
Owner David Mann is heading into retirement.
While overall sales were sluggish, the retailer said its non-bridal fine jewelry was a popular choice for Valentine’s Day.
Christie's is selling one of the diamonds, moving forward with its Geneva jewelry auction despite the cyberattack that took down its website.
The ad aims to position platinum jewelry as ideal for everyday wear.
Retailers can customize and print the appraisal brochures from their store.
The move follows a price-drop test run in Q4 and comes with the addition of a “quality assurance card” from GIA for some loose diamonds.
The site has been down since Thursday evening, just ahead of its spring auctions.
The late former U.S. Secretary’s collection went for quadruple the sale’s pre-sale estimate.
Three fifth graders’ winning designs were turned into custom jewelry pieces in time for Mother’s Day.
Kimberly Adams Russell is taking over the role from her father, David Adams, marking the third generation to hold the title.
As a token of womanhood, this necklace depicts when Venus was born from the sea.
The deal gives the retailer control over the distribution of Roberto Coin jewelry in the U.S., Canada, Caribbean, and Central America.
Show your mother some love with a piece of fine jewelry.
The company’s Easton location will remain open.
Brian D. Fleming of Carla Corporation was elected to serve a one-year term in the role.