This first phase upgrade will significantly increase security by providing
exclusive communications between RapNet members. New RapNet technology provides
an alternative to the use of emails that are often hacked and used to misdirect
diamond payments and shipments. With electronic fraud a growing and prevalent
threat in the diamond industry, this significant change is essential to ensure
RapNet members can trade in a secure and safe environment.
With RapNet members initiating over one million trades a year, the new user
interface will also enable members to directly negotiate online. Searches will
run faster and smarter with more features.
“RapNet is introducing new technology that will provide a safe and secure
trading environment for our members. We are investing millions of dollars in
new electronic infrastructure that will usher in a new era of diamond trading,”
said Saville Stern, COO of RapNet.
Learn more about the new RapNet platform at
www.rapnet.com/newrapnet.
Media Contacts:
US: Sherri Hendricks +1-702-893-9400;
India: Prashant Bhojani +91-97694-66855
International: Elinor Shalev +972-3-729-0901
About RapNet: RapNet is the world’s largest diamond trading
network with daily listing of over 1.2 million diamonds valued at over $7.3
billion. Established in 1992 it is a member of the Rapaport Group with offices
in Las Vegas, New York, Antwerp, Ramat Gan, Mumbai, Surat, Dubai and Hong
Kong. Visit RapNet.Com for additional information.