February 26, 2025, Las Vegas… RapNet, the world’s largest online marketplace for diamonds, gems and jewelry, has partnered with Del Gatto Finance Fund, the largest non-bank lender to the global diamond industry, to provide quick and easy financing solutions for all RapNet members looking to buy diamonds on or off the network. The collaboration streamlines diamond businesses’ ability to secure immediate and flexible funding for diamond purchases, or to leverage their own inventory as collateral to increase cash flow, ensuring continued liquidity and growth opportunities.
The partnership is designed to remove financial barriers that often hinder business growth in the diamond industry. By providing a transparent, structured financing option, the new service enables businesses to operate more effectively in a competitive market.
While access to financing has long been a challenge for diamond traders, RapNet’s partnership with Del Gatto solves this issue by offering a built-in financing option within its network. Whether purchasing diamonds or unlocking capital from existing inventory, RapNet members now have an integrated financial solution tailored to their needs.
Saville Stern, COO of RapNet, emphasized the significance of this initiative:
“Financing in the diamond industry has traditionally been complex and limited. Through this partnership, we are providing a straightforward, efficient way for businesses to access capital while maintaining control of their operations. RapNet members can now confidently finance purchases and manage their inventory without unnecessary delays.”
Chris Del Gatto, CEO of Del Gatto Finance Fund, echoed this sentiment:
“RapNet has built a strong global marketplace for diamonds, and we are pleased to bring our financing expertise into this ecosystem. This partnership enables businesses of all sizes to secure funding quickly, whether for purchasing or leveraging existing inventory. Additionally, we provide services such as showcasing diamonds to potential buyers, all under the trusted Rapaport framework.”
Through this partnership, RapNet members can now:
- Secure financing for diamond purchases, with a minimum transaction amount of $10,000.
- Utilize their own RapNet listed inventory to obtain quick and easy funding for purchase either on or off the RapNet network.
- Access financing, with GIA-certified diamonds of 1 carat or larger held securely at Rapaport New York or Del Gatto.
- Have Rapaport show their diamonds to clients of their choice at Rapaport offices during the term of financing.
- Utilize a simple and efficient request process for quick access to capital.
For more information on how to use RapNet financing, click here
About RapNet
RapNet, a division of the Rapaport Group, is the world’s largest online marketplace for diamonds, gems and jewelry. With thousands of verified members worldwide, RapNet provides access to inventory, real-time pricing, and business tools for the diamond trade.
About Del Gatto Finance Fund
Launched in 2018, Del Gatto has become the largest non-bank lender to the diamond industry. Its clients range from publicly listed mining companies to De Beers sightholders, manufacturers, polished traders, and retailers. Del Gatto’s mix of diamond industry expertise and asset-backed lending allows it to provide unique and flexible solutions to the trade.
Media Contacts:
Sherri Hendricks
VP Operations, Rapaport
sherri@diamonds.net
+1-702-893-9400
Chris Del Gatto
rapfinance@delgattodff.com
+1-212-681-9550
Image: Batya Cano/Adobe
