RapNet, the renowned online diamond trading network by Rapaport Group, is launching its Gemstone Trading Network, expanding its platform to include loose coloured gemstones. The new feature, RapNet Gemstones, will officially debut at the AGTA Gem Fair in Tucson next month. Developed in collaboration with the American Gem Trade Association (AGTA), the platform will integrate AGTA’s ethical standards and arbitration procedures, ensuring transparency and trust in gemstone trading.
Saville Stern, COO of RapNet, expressed excitement over the launch, stating, “We are thrilled to offer gem businesses the ability to connect and trade 24/7. Our platform enables sellers to reach a broad audience, while buyers can easily find the perfect gemstone at the right price, anytime, anywhere. The collaboration with AGTA has been crucial in creating a platform that caters to the modern gemstone trade, and we’re confident it will drive success for both gem buyers and sellers.”
AGTA President Kimberly Collins and CEO John W. Ford, Sr. also expressed their pride in the partnership, stating, “AGTA, a pioneer in ethical gem trading and coloured gemstone disclosures, is proud to work with RapNet to launch this coloured gemstone marketplace to the world.”
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