Martin rapaport biography
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Martin Rapaport began his career in the diamond industry in as an apprentice diamond cleaver in Antwerp Belgium. In , he established the Rapaport Diamond Report, the primary source of diamond price and market upplysning. In , he created RapNet – The Rapaport Network, the first and world’s largest electronic diamond trading network. RapNet currently provides daglig diamond listings of , diamonds worth over $ billion dollars. It has over 7, members of the diamond trade in 80 countries.
The Rapaport Group provides diamond grading and certification services with GIA Lab direkt services in India, Israel and Belgium. The Group’s trading division operates rough and polished diamond tenders and provides international clearing house services providing guaranteed cash transactions, consolidated shipping and quality control services. The Group employs employees with ten offices in the U.S., Belgium, Israel, India, Dubai, Hong Kong and Shanghai.
The Rapaport Group is a primary advokat of fre
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Martin Rapaport
American diamond dealer
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Martin Rapaport is the chairman of the Rapaport Group and founder of the Rapaport Diamond Report and RapNet, an online diamond trading network.[1] Known for his influential role in the diamond industry, Rapaport has been both a pioneer and a controversial figure, advocating for price transparency, ethical sourcing, and the commoditization of diamonds. His work extends beyond market analysis to include contributions to addressing conflict diamonds, promoting Fair Trade practices, and engaging with non-governmental organizations on industry ethics.
Career
[edit]Martin Rapaport began his work as an apprentice diamond cutter in Antwerp, Belgium.[2] In , he created the Rapaport Price List, which would later become a pivotal tool in the diamond industry.[3] In ,
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Diamond Price List History &#; Martin Rapaport
Martin Rapaport is an affable and bubbly version of Bill Gates. A genius with an economics background, he grew up in a diamond family and rose to fame by reporting wholesale diamond prices during the commodity boom when ct D Flawless reached a dealer price of $36, (twice today&#;s list price).
He has since built a substantial diamond information and service business, and like Gates, he is loved and hated but never ignored.
Most diamond business agreements and dealer sales are based on Rap or List prices. Buyers want him to lower the prices and sellers want him to raise them! He is more powerful than De Beers yet Mr. Rapaport handles this power without any sign of corruption. He understands his responsibility and is of devout religious and philosophical character.
People argue wether Rap reports prices or sets them, but it doesn&#;t matter, the fact is every dealer and diamond merchant uses Rap. In the trade