Press Releases

RapNet Offers Jewelry Trading to the Industry

Retail jewelers and dealers can directly trade jewelry with each other without any listing fees or commissions.

Published

5 years ago

May 17, 2019

INSTORE Staff

(PRESS RELEASE) RapNet, the world’s largest marketplace for diamonds and jewelry, is releasing its new jewelry trading platform to the industry. Following extremely positive reactions when RapNet introduced its new jewelry marketplace to members in January this year, the platform is now making jewelry trading available to the wider industry.

Retail jewelers and dealers can now join RapNet to upload jewelry images and data, perform detailed searches, and directly trade jewelry with each other without any listing fees or commissions.

The addition of jewelry on RapNet is expected to significantly expand the trading network’s membership and reach into the global jewelry trade. In addition to its listings of over 1.5 million diamonds valued at more than $7.4 billion, RapNet also has over 17,000 fine jewelry pieces, including rings, bracelets and watches.

A 7-day free trial of RapNet jewelry is available to members of the trade by visiting www.rapnet.com/jewelry-trial.

To learn more about RapNet jewelry visit www.RapNet.com/jewelry or email service@diamonds.net.

When There’s No Succession Plan, Call Wilkerson

Bob Wesley, owner of Robert C. Wesley Jewelers in Scottsdale, Ariz., was a third-generation jeweler. When it was time to enjoy life on the other side of the counter, he weighed his options. His lease was nearing renewal time and with no succession plan, he decided it was time to call Wilkerson. There was plenty of inventory to sell and at first, says Wesley, he thought he might try to manage a sale himself. But he’s glad he didn’t. “There’s no way I could have done this as well as Wilkerson,” he says. Wilkerson took responsibility for the entire event, with every detail — from advertising to accounting — done, dusted and managed by the Wilkerson team. “It’s the complete package,” he says of the Wilkerson method of helping jewelers to easily go on to the next phase of their lives. “There’s no way any retailer can duplicate what they’ve done.”