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
Hong KongHong Kong Polished Imports Slide
Aug 13, 2019
Polished-diamond imports to Hong Kong declined 6% in thefirst half, according to data...
Angola Sees Rise in Diamond Revenue
Weak Demand Dents Sales at China’s Kingold
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