RapNet, an online diamond trading network by Rapaport Group, is launching its Gemstone Trading Network, expanding its platform to include loose coloured gems. RapNet Gemstones will launch officially at the AGTA Gem Fair in Tucson next month. Developed in collaboration with the American Gem Trade Association (AGTA), the RapNet Gemstone Trading Network integrates AGTA’s ethical standards and arbitration procedures to ensure trust and transparency in gemstone trading.
Saville Stern, COO of RapNet, said, “We are thrilled to offer gem businesses the ability to connect and trade 24 hours a day. Our platform empowers sellers to reach a vast audience of buyers, while buyers can effortlessly find the perfect gemstone at the right price, anytime, anywhere. The collaboration with AGTA has been instrumental in creating a platform that meets the needs of the modern gem trade, and we are confident this partnership will drive success for gem buyers and sellers across the industry.”
AGTA President Kimberly Collins and AGTA CEO John W. Ford, Sr. both stated: “AGTA, as the pioneer of ethical gem trading and coloured gemstone disclosures, are proud to partner with RapNet to bring this coloured gemstone marketplace to the world”.