RapNet
RapNet is the global diamond trading network operated by Rapaport, serving as a vital online marketplace for sourcing, pricing, and selling diamonds within the jewellery trade. It plays a central role in connecting UK retailers, wholesalers, and diamond dealers with international suppliers and up-to-date market intelligence. Jewellery Focus covers all aspects of RapNet’s relevance to the industry, including platform developments, pricing trends, ethical sourcing issues, trade regulations, and its impact on diamond buying practices. Our reporting supports jewellery professionals in navigating the commercial, logistical, and reputational considerations of using RapNet as part of their diamond procurement strategy.
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May- 2025 -8 MayEconomy
Diamond prices rise in April amid tariff uncertainty
Diamond prices rose sharply at the beginning of April in response to announcements of new U.S. import tariffs, and then stabilised later in the month when the U.S. delayed their implementation by 90 days, according to Rapaport’s RapNet Diamond Index. It comes as the RapNet Diamond Index (RAPI) for 1-carat…
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Apr- 2025 -4 AprilNews
Diamond prices continue to recover in March
The diamond market has shown further signs of recovery in March, driven by low, stable inventories, according to Rapaport’s RapNet Diamond Index. The price stabilisation trend that began in mid-February expanded to a wider range of categories, with price increases in round, 0.30- to 1.99-carat, D to G, IF to…
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Feb- 2025 -14 FebruaryManufacturers
January diamond prices drop in slow market
The diamond market was slow in January, with mixed reports about holiday sales, according to Rapaport’s RapNet Diamond Index. Diamond prices declined, with some improvement in 0.30- to 0.50-carat, and 1 carat diamonds — reflecting round D to F, IF to VVS2 goods, which saw a 0.4%, 0.6% and 2.3%…
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Jan- 2025 -10 JanuaryNews
Diamond market remains stable but cautious in 2025
The diamond market was stable in December, with holiday sales matching the industry’s modest expectations, according to Rapaport’s RapNet Diamond Index. However, the diamond trade entered 2025 with caution due to the sluggish consumer demand in the US and competition from the synthetics market. Rapaport reduced prices on the Rapaport…
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Dec- 2024 -5 DecemberRetailers
Diamond prices see more positive trend in November
Diamond prices rose for some categories in November as pre-holiday demand and a drop in polished production halted the negative trend of the past eight months, according to Rapaport’s RapNet Diamond Index. The RapNet Diamond Index (RAPI™) for 1-carat goods, reflecting round, D to H, IF to VS2 diamonds, edged…
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Oct- 2024 -10 OctoberManufacturers
Diamond prices decline in September
Diamond prices dropped in September as the market continued to suffer from an oversupply, according to Rapaport’s RapNet Diamond Index. As a result, Indian manufacturers reduced rough-buying and polished production to rebalance supply and demand. This adjustment also led to a decline in polished inventories, but will take a few…
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Aug- 2024 -9 AugustNews
Diamond prices plummet in July
Diamond prices dropped sharply in July amid slow retail sales and an oversupply in India, according to Rapaport’s RapNet Diamond Index. The seasonal summer slowdown also had a negative effect on sales. The RapNet Diamond Index (RAPI™) for 1-carat goods, reflecting round, D to H, IF to VS2 diamonds, slid…
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May- 2022 -10 MayNews
RapNet bans Russian diamonds
RapNet, the diamond trading network, has banned Russian diamonds from its platform amid the country’s ongoing attack on Ukraine. According to Rapaport, the ban applies to all diamonds sourced from Russia after 24 February 2022, and it includes polished diamonds manufactured outside of Russia from Russian rough diamonds. All in…
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Jan- 2021 -5 JanuaryEconomy
Diamond trading slows over Christmas
Diamond trading slowed down over the holiday season as the industry shifted focus to retail and as diamantaires took their end-of-year break, according to Rapaport USA. The volume of 1-carat diamonds on RapNet declined 24% in the second half of 2020, with the top 10% of diamonds in that category…
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Jun- 2020 -3 JuneCoronavirus
Diamond markets begin to regain traction
Diamond trading is once again starting to regain traction, according to the latest data from diamond group Rapaport. Its latest report revealed that polished prices were stable in May despite “minimal” trading, with business limited to online platforms. The latest RapNet Diamond Index for 1-carat diamonds also rose 0.2% during…
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