RapNet
| Company type | Subsidiary |
|---|---|
| Industry | Digital marketplace, diamond and gemstone trading |
| Founded | 1996 |
| Founder | Martin Rapaport |
| Products | Diamonds, gemstones, jewelry trading platform |
| Parent | Rapaport Group |
RapNet is a digital marketplace specializing in the trade of diamonds, gemstones, and jewelry. It was established in 1996 and is managed by the Rapaport Group.
Overview
RapNet was created in 1996 by Martin Rapaport and was originally known as the Internet Diamond Exchange (INDEX) before adopting its current name. Initially focused solely on diamond trading, the platform later broadened its scope to include gemstones and jewelry. It operates under the umbrella of the Rapaport Group as a subsidiary.
In 2014, RapNet discontinued listings of diamonds graded by EGL laboratories due to concerns regarding grading accuracy. By 2016, the platform had integrated diamonds accompanied by certification from GHI Gemological Laboratory and De Beers’ International Institute of Diamond Grading and Research (IIDGR).
Jewelry listings were introduced alongside loose diamonds in 2019. Subsequently, in 2025, RapNet launched a service dedicated to colored gemstone trading through a collaboration with the American Gem Trade Association (AGTA).
Access to RapNet is granted through subscription and is restricted to industry professionals including jewelers, dealers in diamonds and gemstones, and manufacturers. The platform relies on the Rapaport Diamond Report as its authoritative pricing guide and manages the RapNet Diamond Index (RAPI), which monitors average asking prices within the marketplace.