Rapnet is a dealer to dealer trading network- a massive list of diamonds from around the world.
Many of the diamond selling sites draw a feed from this list.
I have been quite outspoken about how bad EGL grades are for consumers.
Recently a store in Tennessee was sued over selling knowingly misgraded diamonds Here's
a link to the article about this in a jewelers magazine
While I strongly feel misgrading is a problem for unknowing consumers, I question this move by Rapnet.
Well, let's use this diamond as a case in point
EGL Graded H/SI1
We sent it to GIA who graded it N/SI1
Hey, at least they got the SI1 part right- and whats 6 clor shades betwen friends
This was EGL international, which is worse than EGL USA in NY, but it makes no difference- it's bad for consumers.
IMO dealers need to be allowed to cut through all this.
The N colored diamond sold in a hand forged ring for uner $13k- that's a low price for a 2ct center in a nice ring.
Although we' still be able to buy such stones without Rapnet, we pay for the service, and it makes it a bit easier.
Besides this, they also, strangely enough banned "as well as all diamonds with a green hue"