Rapaport Trade

What Rapaport Trade does

Rapaport Trade is the operating trading platform of the privately held Rapaport Group (legal entity Rapaport USA Inc.), founded by Martin Rapaport in 1978. The company functions as the global benchmark and primary digital infrastructure layer for the natural diamond and jewelry trade, operating a membership-based B2B marketplace that lists $8 billion in daily diamond, gem, and jewelry inventory across more than 1.6 million stones from verified suppliers. Its flagship product, the Rapaport Price List, has served as the international pricing benchmark for diamonds since 1978, and the RAPI Diamond Price Index distills real-time transaction data from the marketplace into the industry's reference pricing signal. The platform serves tens of thousands of verified members across 103 countries, including diamond dealers, retailers, wholesalers, manufacturers, miners, appraisers, and investors.

The company's product architecture combines a core trading marketplace (formerly RapNet, rebranded to Rapaport Trade) with adjacent modules: Rapaport Auctions (the world's largest diamond recycler, marketing ~370,000 carats annually to 18,000 qualified buyers and sellers in 70+ countries), Rapaport News (the trade's primary news outlet with 2.8 million+ annual views), the Rapaport Intelligence Report (monthly market research), and the Source Certification blockchain provenance service. Rapaport monetizes primarily through membership subscriptions that grant access to the Price List and trading tools, with auction-related transaction economics on the secondary side. The company operates from New York with regional offices in Antwerp, Mumbai, Dubai, Hong Kong, and Israel, and is independently audited under the Responsible Jewellery Council standard. Strategic integrations with Tracr (De Beers), GIA, Sarine Technologies, and multiple tracking platforms (Everledger, iTraceiT, Diatrace) embed Rapaport within the industry's provenance and traceability stack.

Name

Rapaport Trade

Legal name

Rapaport USA Inc.

Website

https://rapaport.com

Company type

Private

Founded year

1978

Operating status

Operating

Headcount range

11–50 employees

Short description

Rapaport Trade operates the world's largest online B2B diamond and gemstone marketplace, anchored by the Rapaport Price List, the global pricing benchmark since 1978. The membership-based platform serves diamond dealers, retailers, manufacturers, miners, and appraisers across 103 countries with trading, auction, news, and provenance services.

Ownership category

akta.pro rank

Product category

Diamond and Gemstone Trading Marketplace

NAICS

Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers (42394), Wholesale Trade Agents and Brokers (42512), Jewelry Retailers (458310)

SIC

Wholesale-Jewelry, Watches, Precious Stones & Metals (5094)

akta.pro primary industry

Diamond & Gemstone B2B Exchanges/Marketplaces (CRAKAJAJ)

akta.pro secondary industries

Polished Diamond Trading & Brokerage (CRAKAJAD), Fine Jewelry Wholesale & Trading (CRAKAAAL), Diamond/Gemstone Auction Houses & Tender Platforms (CRAKAJAI)

Keywords

• Diamond price list
• Diamond trading network
• Jewelry marketplace
• Diamond auctions
• Diamond pricing index

Headquarters

HQ city

Las Vegas

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Digital Commerce or Content

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Membership Subscriptions: Rapaport Trade operates as a membership-based platform where professionals pay for access to the price list, trading platform, and premium tools. The Rapaport Price List is distributed weekly exclusively to members.
2. Direct Trading Platform: Members buy and sell directly with verified suppliers worldwide through the platform - no commissions, no middlemen
3. News and Intelligence: Provides industry-leading news, analysis, and market intelligence content to members and subscribers

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

Rapaport Trade operates the world's largest online diamond and gemstone trading marketplace, where tens of thousands of verified members in 103 countries list and trade more than 1.6 million stones and over $8 billion in daily inventory with no commission. The platform is anchored by the Rapaport Price List, the international benchmark for diamond pricing since 1978, and complemented by monthly auctions, industry news, market intelligence reports, blockchain-based source certification, and the RAPI Diamond Price Index. Membership-based subscriptions provide verified trade professionals with real-time pricing tools, direct dealing channels, and market data used to standardize and negotiate diamond transactions worldwide.

Product overview

Rapaport Trade operates as a platform-plus-modules architecture serving the global diamond and jewelry industry. The core offerings consist of the Rapaport Price List (the international pricing benchmark since 1978), Rapaport Trade marketplace (the world's largest online diamond trading platform with 1.6M+ diamonds and $8B+ in daily listings), Rapaport Auctions (world's largest diamond recycler at 370,000 carats/year), Rapaport News (industry news with 2.8M+ annual views), and Rapaport Intelligence Report (monthly market research). These are complemented by the RAPI Diamond Price Index for real-time price tracking, Rapaport Source Certification for blockchain-based provenance verification, Diamond Search for marketplace discovery, and the Diamond Price Calculator for pricing calculations. Together, these products support every stage of the diamond trade from price benchmarking and market intelligence through sourcing, trading, and certification.

Differentiator

Problem solved

Functional benefit

Products and services

• Rapaport Price List The global benchmark for diamond pricing since 1978, providing independent benchmark asking prices used by the diamond trade worldwide to standardize, compare, and negotiate diamond transactions. Distributed weekly exclusively to Rapaport Members.
• Rapaport Trade (formerly RapNet) The world's largest online diamond and gemstone trading marketplace with over $8 billion in daily listings, 1.6+ million stones, and tens of thousands of verified members from 103 countries. Members buy and sell directly with verified suppliers worldwide using real-time pricing tools.
• Rapaport Auctions The world's largest recycler of polished diamonds, marketing approximately 370,000 carats per year through 18,000 qualified buyers and sellers from 70+ countries. Monthly auctions held online and in-person at trading centers worldwide for melee, certified, and uncertified polished diamonds and jewelry.
• Rapaport News The trade's primary source of diamond and jewelry news, insight, and analysis with 2.8 million+ annual views and 12,000+ Rapaport members. Delivers content across digital platforms including breaking news, interviews, editorial features, and branded content.
• Rapaport Intelligence Report Monthly research report providing full-scale market data and analysis on global diamond and colored-gemstone markets, covering demand and pricing trends, rough and polished market dynamics, and consumer behavior.
• Rapaport Source Certification Blockchain-based certification service enabling diamond traders to trace polished diamonds back to their mined source, providing certificates universally recognized among trade and consumers to address sanctions, human rights, and sustainability concerns.
• RAPI Diamond Price Index The global standard diamond price index based on real-time prices on Rapaport Trade, providing price movements for 0.30ct, 0.50ct, 1.00ct, and 3.00ct diamonds.

Quantifiable outcome

• Over 20,000 professionals in 100+ countries use Rapaport Price List daily
• +2 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• TracrcoreTechnology or Integration · 1 May 2022Tracr blockchain platform, developed by De Beers, is part of Rapaport's ecosystem for diamond provenance tracking. The platform has registered over 1 million rough diamonds and 110,000 manufactured diamonds, enabling retailers and consumers to verify provenance details and strengthen supply chain accountability.
• GIAcoreTechnology or IntegrationGemological Institute of America (GIA) has joined the Tracr ecosystem which Rapaport participates in, providing grading verification and origin reports for tracked diamonds.
• Sarine TechnologiescoreTechnology or IntegrationSarine provides diamond planning and manufacturing equipment with traceability solutions. Sarine's Diamond Journey program is compatible with Tracr and Rapaport's tracking systems.
• Responsible Jewellery Council (RJC)coreStrategic or Co-development PartnerRapaport is a member of the Responsible Jewellery Council and is independently audited to ensure full compliance with all laws and ethical business practices.

Scale indicators11 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Polygon (formerly IDEX Online): Polygon operates a major online B2B diamond and jewelry trading marketplace serving dealers globally. It is the closest direct competitor to Rapaport Trade in the digital wholesale diamond marketplace category, with overlapping product/marketplace and pricing tools.
• Gemfind: Gemfind operates a B2B jewelry diamond search and supplier platform for retailers. It directly competes with Rapaport Trade's diamond search functionality for retail and trade buyer customers.

Emerging players

• Tracr (De Beers): Tracr is De Beers' blockchain-based diamond provenance platform with over 1 million rough diamonds registered. It intersects with Rapaport's source certification offering and is reshaping how provenance data flows through the diamond trade.
• Everledger: Everledger provides blockchain-based provenance and traceability for diamonds and other luxury goods. It is a thematic competitor to Rapaport Source Certification, offering an alternative trust infrastructure for trade participants.

Broad incumbents

• Gemological Institute of America (GIA): GIA is the dominant diamond grading and gemological research institution globally. While not a marketplace, it is a critical infrastructure provider whose grading reports are referenced throughout Rapaport's listings and pricing workflows.
• Antwerp World Diamond Centre (AWDC): AWDC is the official body representing the Antwerp diamond industry and runs initiatives like the OrigemA artisanal diamond program. It is a regional incumbent with overlapping trade facilitation and price-discovery roles.
• Plumb Club: Plumb Club is a leading B2B jewelry industry network connecting suppliers and retailers across the United States. It is comparable as an industry-wide trade platform serving similar jewelry professional customers with curated supplier access.

Others

• Sarine Technologies: Sarine provides diamond planning, manufacturing, and traceability technologies integrated with Tracr. It is an enabling technology partner rather than a marketplace, but overlaps with Rapaport in the diamond workflow and provenance stack.

Regional players

• Bharat Diamond Bourse: The Bharat Diamond Bourse in Mumbai is the world's largest diamond trading hub, serving Indian and global members. It is a regional incumbent trading venue with overlapping membership and trade infrastructure serving similar customers in a key geographic hub.
• Dubai Multi Commodities Centre (DMCC) / Dubai Diamond Exchange: The Dubai Diamond Exchange operates within DMCC as a regional diamond trading and auction venue for the Middle East. It is a regional incumbent in one of Rapaport's key office geographies with overlapping trade and auction services.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/RapaportTrade
• YouTubevimeo.com/1189547037
• LinkedInlinkedin.com/company/rapaporttrade
• Instagraminstagram.com/rapaportgroup
• Facebookfacebook.com/RapaportTrade

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Rapaport Trade