The results are in: RapNet will not introduce services for lab-grown diamonds.
The announcement follows an online survey released last month by the electronic diamond-trading group, where its members were polled on whether or not it should provide listing and pricing services for synthetic diamonds.
Seventy-nine per cent of those surveyed voted against the platform listing synthetics; 74 per cent said RapNet should not publish a price list for the stones.
Further, 88 per cent of respondents feel that producers of lab-grown diamonds should be required to disclose any post-creation treatments, including colour.
Martin Rapaport, the network’s founder and chair, announced the results of the poll in a keynote address at JCK Las Vegas and confirmed that the group would follow the suggestion of its members. In his presentation, Rapaport also called on those selling lab-grown diamonds “to make full disclosure regarding the inability of synthetic diamonds to store value, as they can be produced in unlimited quantities.”