Dallas—RapNet, a leading diamond trading network, is expanding its services to include loose colored gemstones. In collaboration with the American Gem Trade Association (AGTA), the company has developed the Gemstone Trading Network, a dedicated platform for colored gemstone trading. The platform is set to launch at the AGTA GemFair Tucson next month.
The new platform integrates AGTA’s ethical standards and arbitration procedures, which the association says will promote trust and transparency in gemstone trading. This partnership reflects the growing importance of colored gemstones in the global jewelry market and highlights RapNet’s commitment to meeting the industry’s changing needs.
RapNet emphasized that the collaboration with AGTA demonstrates its focus on maintaining high industry standards while providing innovative solutions for gem dealers and retailers. “We are thrilled to offer gem businesses the ability to connect and trade 24 hours a day,” said Saville Stern, RapNet’s chief operating officer. “Our platform empowers sellers to reach a wide audience of buyers, while buyers can easily find the perfect gemstone at the right price, anytime, anywhere.”
Stern added that the partnership with AGTA has been key to creating a platform tailored to the modern gem trade. “We are confident this collaboration will drive success for gem buyers and sellers across the industry,” he said.
In a joint statement, AGTA President Kimberly Collins and CEO John W. Ford, Sr., expressed their enthusiasm for the partnership. “AGTA, as the pioneer of ethical gem trading and colored gemstone disclosures, is proud to partner with RapNet to bring this colored gemstone marketplace to the world,” they said.
The Gemstone Trading Network is expected to provide a reliable and efficient marketplace for gemstone buyers and sellers, combining RapNet’s technological expertise with AGTA’s commitment to ethical practices. The platform’s launch at the AGTA GemFair Tucson marks a significant step forward in the evolution of the global gemstone trade.
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