The Rapaport Group, known for its online diamond trading network RapNet, is set to broaden its offerings with the introduction of the Gemstone Trading Network. This new platform will facilitate the trading of loose coloured gemstones and is scheduled to officially debut at the upcoming AGTA Gem Fair in Tucson next month. Developed in partnership with the American Gem Trade Association (AGTA), the network will incorporate AGTA’s ethical standards and arbitration processes to ensure transparency and trust in gemstone transactions.
Saville Stern, Chief Operating Officer of RapNet, expressed enthusiasm about the new venture. “We’re excited to provide gem businesses with a platform that enables seamless trading around the clock,” Stern said. “Sellers will gain access to a global audience of buyers, while buyers can easily find the ideal gemstone at competitive prices, anytime and from anywhere. Our collaboration with AGTA has been key to building a platform tailored to the needs of today’s gem trade, and we believe this partnership will benefit both buyers and sellers across the industry.”
The partnership with AGTA, a leader in ethical gem trading and coloured gemstone disclosures, underscores the platform’s commitment to integrity. AGTA President Kimberly Collins and CEO John W. Ford, Sr. jointly commented, “As pioneers in ethical gem trading, AGTA is proud to join forces with RapNet to bring this innovative coloured gemstone marketplace to the global stage.”
The launch of RapNet Gemstones marks a significant step in the evolution of the gemstone trade, offering a trusted and efficient platform for industry professionals worldwide.
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