Company

With diamond prices surging in 1978 and crashing in 1980, the need for honest diamond pricing and market information became apparent. At this time, the Rapaport Price Sheet became the primary source for pricing info, but this wasn’t enough. The time had come for real trading information to be shared – actual asking prices and real information about what people wanted to sell – from this, RapNet began.

The History of RapNet

  • 2016

    Rapaport calls for Standardization of Diamond Grading Terminology

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    2012

    RapNet reaches 1M diamonds offered for sale on any given day

  • 2010

    RapNet reaches 5,000 members

  • 2009

    RapNet bans members who trade in Marange diamonds

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    2005

    RapNet reaches 1,000 members

    2005
  • 2002

    RapNet reaches 100k diamonds offered for sale on any given day

  • 2001

    Rapaport opens office in India

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    1996

    Creation of the Internet Diamond Exchange (INDEX) – the start of RapNet

    1996
  • 1994

    Rapaport opens office in Israel

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    1989

    Started collecting information about asking prices as part of the group’s brokerage business. Published diamond prices and diamond availability to Rapaport members

  • 1982

    Price Sheet became established as the primary source of honest diamond prices and market info

    1982
  • 1980

    The market crashes and diamond prices drop drastically

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    1978

    First Price Sheet

  • 1976

    Rapaport Group Established

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