|
|
RapNet Votes No on Synthetic Diamonds
Rapaport calls for $1 billion diamond marketing campaign
Jun 16, 2019 5:00 AM
By Rapaport
|
|
|
RAPAPORT PRESS RELEASE, June 5, 2019, Las Vegas … Members of RapNet, the world’s largest diamond trading
network with daily listings valued at $7.5 billion, voted overwhelmingly against
introducing services for synthetic diamonds. The following are the voting
results for the issues polled.
Should RapNet provide listings for synthetic diamonds?
No: 5,934 (79%),Yes: 1,607 (21%).
Should Rapaport publish a price list for synthetic diamonds? No: 5,232
(74%),Yes: 1,885 (26%).
Should synthetic
diamonds be required to disclose color and other treatments applied after their
creation? Yes: 5,892 (88%), No: 819 (12%).
Should synthetic
diamonds require disclosure that they are different from natural diamonds as
they have no supply limitations? Yes:
5,528 (85%), No: 1,104 (15%).
Following the vote, RapNet announced it would not
list synthetic diamonds on its trading network and Rapaport USA announced it
would not publish a price list for synthetic diamonds.
In a keynote address at the Las Vegas JCK jewelry
show Martin Rapaport called on the diamond industry to support a $1 billion
marketing campaign for natural diamond engagement rings. He also called on
those selling synthetic diamonds to make full disclosure regarding the
inability of synthetic diamonds to store value as they can be produced in
unlimited quantities.
A video of the presentation is available on the
Diamonds.net news portal [Click here]. In
addition, an important article entitled “Synthetic Ethics” is available and
highly recommended. [Click here].
Media Contacts: Media@Rapaport.Com
US:
Sherri
Hendricks +1-702-893-9400
Global:
Avital Engelberg +1-718-521-4976
About the Rapaport Group: The Rapaport Group is an international network
of companies providing added-value services that support the development of
ethical, transparent, competitive and efficient diamond and jewelry markets.
Established in 1976, the Group has more than 20,000 clients in over 121
countries. Group activities include Rapaport Information Services, providing
the Rapaport benchmark Price List for diamonds, as well as research, analysis
and news; RapNet, the world’s largest diamond trading network, with over 15,000
members in 97 countries and daily listings of more than 1.5 million diamonds
valued at over $8 billion; Rapaport Laboratory Services, providing GIA and
Rapaport gemological services in India, Israel and Belgium; and Rapaport
Trading and Auction Services, the world’s largest recycler of diamonds, selling
over 500,000 carats of diamonds a year. Additional information is available
at www.diamonds.net.
Image: A lab-grown diamond necklace from the Light Heart Collection. (Helzberg Diamonds)
|
|
|
|
|
|
|
|
|
|
Tags:
Martin Rapaport, Press Release, Rapaport, RapNet, Synthetic diamonds, synthetic price list, Synthetics Ethics, Vote on Synthetics
|
|
|
|
|
|
|
|
|
|
|
|
|