The jewelry company has closed its three California brick-and-mortar stores, as well as its online shop, for now.
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

The company is providing the opportunity for an FIT student to work alongside master diamond cutter Willie Lopez in its workshop.

He is remembered for his successful entrepreneurship, generosity, and dedication to his family.

The Seymour & Evelyn Holtzman Bench Scholarship from Jewelers of America returns for a second year.

The jewelry store chain has reportedly been struggling with costs related to tariffs as well as tough retail competition.


Welcome warm summer days with red hot rubies perfectly chosen as July’s birthstone.

Co-founders Afzal Imram and Lin Ruiyin brought their son’s story of a cosmic egg, toadstool, and railroad to life in their new collection.

The countdown is on for the JCK Las Vegas Show and JA is pulling out all the stops.

The best time to prepare for the holiday season is right now, according to columnist Emmanuel Raheb.

This year’s winner is Morgan Keefe, who is currently studying at GIA to be a gemologist.

“The Jewelry Book” comes out this September.

The company is focused on modernizing the custom jewelry buying experience with e-commerce tools like product visualization and 3D styling.

Following its recent acquisition, the storied brand has updated its leadership team and regional managers.

AGS also named the recipient of its “Women in Leadership” scholarship.

The 20-karat yellow gold and diamond wrap ring is modeled after the Monstera plants in the garden of the brand’s Miami villa.

Rocksbox President Allison Vigil shared the retailer’s expansion plans, and her thoughts on opening stores in malls.

The creator of the WJA Chicago chapter is remembered as a champion for women in the jewelry industry and a loving grandmother.

The decline was consistent across age groups and almost all income groups, with tariffs and inflation still top of mind.

The “Playlist: Electric Dreams” collection brings lyrics from the musician’s song, “Little Wing,” to life through fine jewelry.

The event is set for May 16-19 in Detroit, Michigan.

The Vault’s Katherine Jetter is accusing the retailer of using info she shared for a potential partnership to move into Nantucket.

Agents seized 2,193 pieces, a mix of counterfeit Cartier “Love” and “Juste Un Clou” bracelets, and Van Cleef & Arpels’ “Alhambra” design.

The designer brought her children’s book, “The Big Splash Circus,” to life through a collection of playful fine jewelry characters.

The trade association has chosen the recipients of the funding initiative it formed to foster the growth and sustainability of the industry.

Associate Editor Natalie Francisco shares 20 additional pieces that stood out to her at the Couture show.

Lori Tucker started at Williams Jewelers when she was 18 years old.

The “Marvel | Citizen Zenshin” watch is crafted in Super Titanium and has subtle nods to all four “Fantastic Four” superheroes on the dial.