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RapNet Gets a Tech Interface-Lift

Redesigned trading platform ups security and ease of use.
Jan 10, 2018 8:10 AM   By Joshua Freedman
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RAPAPORT... RapNet launched a new site on Tuesday, promising a safer, simpler and smarter way of trading diamonds online. 

The aspects of RapNet that users enjoy will stay, but the redesigned platform will be easier to navigate, getting those users to their desired diamonds with fewer clicks. There are also handy tools such as a price calculator, the ability to compare up to 10 diamonds at once, and on-screen filtering of search results.

The new site is built on technology that will make it easier to add more features should RapNet choose to introduce them — such as improvements to money-transfer methods and supply-chain traceability.

Crucially, it will be harder to defraud users, explained RapNet chief operating officer Saville Stern (pictured). Traders will be able to communicate using an on-site messaging service, rather than having to exchange emails — an increasingly common target for fraudsters trying to fool people with fake correspondence.

“It’s a safer and easier way to find things, and it looks nicer,” said Stern. “It’s the same RapNet you know, but an easier platform to use, more secure, and built for what’s next.”

Users’ RapNet inboxes will also be simpler for them to search, and will be centralized — meaning traders won’t have to juggle several communication methods, such as email, Skype and WhatsApp. Additionally, the platform will organize messages into threads, conveniently grouping parts of the same conversation together.

The new Rapnet.com site should ensure a more productive experience for users of the diamond industry’s primary trading platform.

This article was first published in the January issue of Rapaport Magazine.
Tags: Joshua Freedman, online trading, Rapaport, Rapaport Magazine, RapNet, Saville Stern
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