RapNet


Rapaport News

 

Mining

 

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

RapNet Members Say ‘No’ to Synthetics

Voters reject lab-grown listings and price sheet.
Jun 3, 2019 4:59 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT... The RapNet community has voted overwhelmingly against introducing services for the lab-grown-diamond sector.

Members voted by 79% to 21% against the trading platform listing synthetics on the site. They also rejected a lab-grown price list, with 74% voting “no.”

The poll took place on RapNet last week. The audience applauded when Martin Rapaport, Chairman of the Rapaport Group, revealed the results Sunday at the annual Rapaport Breakfast at JCK Las Vegas.

Following the results, RapNet will not provide a trading platform for synthetics, or introduce a price list for the product, Rapaport confirmed. “We believe the current prices for synthetic diamonds are artificial, as they are based on misleading disclosure,” he added.

Voters also heavily backed the view that synthetics producers must disclose post-growth treatments, and supported the establishment of an organization for the natural-diamond industry.

RapNet vote results:

Should RapNet list synthetic diamonds?
Yes: 1,607 (21%)
No: 5,934 (79%)

Should Rapaport publish a synthetic price list?
Yes: 1,885 (26%)
No: 5,232 (74%)

Should synthetic diamonds be required to disclose treatments?
Yes: 5,892 (88%)
No: 819 (12%)

Would you support establishment of a natural-diamond organization?
Yes: 5,528 (85%)
No: 1,104 (15%)

Image: Martin Rapaport. (Rapaport News)
Tags: JCK Las Vegas, lab-grown, lab-grown diamonds, Martin Rapaport, price list, rapaport breakfast, Rapaport News, RapNet, Synthetic diamonds, synthetic price list, Synthetics, trading
Similar Articles
Young Diamantaires South Africa Venetine mine visiNurturing the Next Generation of Diamantaires
Sep 12, 2019
If anyone in the industry wanted to know how to transform a diamondbusiness and...
Alrosa Sales Slide in August
Lenders to Acquire Stornoway
James Avery Picks Non-Family Member as CEO
Rio TintoRio Tinto Unveils Array of Rare Argyle Pinks
Sep 09, 2019
Rio Tinto has launched a collection of rare pinkdiamonds from its...
Alrosa Consolidating Key Mining Division
Drop in Large Stones Dents Gem Diamonds
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us