On July 8, 2022, the RapNetBuy launch ceremony and diamond traceability promotion press conference were grandly held at the Tencent conference. Mr. Ye Zhibin, Chairman of the China Jewelry and Jade Industry Association, Party Committee Member, Secretary, and Chairman of the National Jewelry and Jade Jewelry Inspection Group, Mr. Bi Lijun, Vice President and Secretary General of the China Jewelry and Jade Jewelry Industry Association, Mr. Liang Zhenjie, Chairman of the China Jewelry and Jade Jewelry Industry Association, Party Committee Committee, Dedicated Deputy Secretary, and Director of the National Jewelry and Jade Jewelry Inspection Group Mr. Shi Hongyue, the full-time vice president of the China Jewelry and Jade Industry Association, Mr. Lin Qiang, the president of the Shanghai Diamond Exchange, Mr. Martin Rapport, the chairman of RAPAPORT Group, and guests representing more than 100 brands from across the country were invited to attend the Tencent online press conference hall.
Also attending this grand event were Ms. Chen Jiahao, Chairman of Shanghai Wanbao Shanglian Service Co., Ltd., Mr. Su Wenquan, Director and General Manager of Guangdong Baomao Technology Co., Ltd., as well as supporting units - National Gem and Jade Jewelry Inspection Group (NGTC), China Gem and Jade Jewelry Industry Association (GAC), and RAPAPORT Group. With the assistance and witness of industry leaders, the RapNetBuy diamond trading platform was launched and the diamond traceability promotion conference officially began.
At the beginning of the event, Ms. Chen Jiahao, Chairman of Shanghai Wanbao Shanglian Service Co., Ltd., warmly welcomed and sincerely thanked everyone for taking the time to attend the press conference, and grandly introduced all the specially invited guests. She also stated that the jewelry industry has developed for thirty years. Since the national crackdown on diamond smuggling in 2020, relevant functional departments have continuously conducted inspections in customs and taxation, strengthened the promotion of diamond import standardization. In the long run, the release of diamond traceability codes is urgent. The Shanghai Diamond Exchange is the first to launch the traceability code for declared diamonds, which fundamentally distinguishes smuggled diamonds from declared diamonds and avoids the risk of buyers mistakenly buying smuggled diamonds. The RapNetBuy platform has undergone in-depth construction in terms of launch, development, and data integration. It has now opened up the diamond traceability source code interface and is committed to providing comprehensive services for jewelry professionals, creating a legal, cheap, transparent, and efficient diamond trading service platform for global diamond merchants.
Subsequently, Mr. Ye Zhibin, Chairman of the China Jewelry and Jade Jewelry Industry Association, Party Committee Member, Secretary, and Chairman of the National Jewelry and Jade Jewelry Inspection Group, delivered a speech. He mentioned that since its establishment 30 years ago, as a national level jewelry inspection and testing institution, the Jewelry and Jade Jewelry Inspection Group has been committed to providing jewelry technology services and promoting jewelry culture consumption, with the mission of "serving the high-quality development of the jewelry industry and safeguarding the legitimate rights and interests of consumers", Adhere to the quality assurance measures of "one thing, one certificate". Now CIIC has opened a diamond inspection service window at home and abroad on RapNetBuy platform, and jeweler can realize diamond inspection service through RapNetBuy. It also calls on jeweler to resolutely buy only diamonds with the backtracking code of the SDE and only buy diamonds from member companies of the SDE. Jewelry National Inspection Group is willing to work together with colleagues from the jewelry industry both domestically and internationally to build a better future!
Mr. Bi Lijun, Vice President and Secretary General of the China Jewelry and Jade Industry Association, also stated that diamonds have been accompanied by smuggling in the Chinese market from the beginning. The establishment of the Shanghai Diamond Exchange and the introduction of a series of policies have greatly reduced the motivation for smuggling and increased the volume of sunshine trading. But with the emergence of diamond online platforms, diamond smuggling has resumed in new forms. Afterwards, the relevant government departments made up their minds to crack down on non compliant diamond enterprises and support their compliant operations, as jewelry enterprises can only thrive on a healthy and orderly market soil. Looking forward to the birth of more legitimate benchmark enterprises like RapNetBuy in the future, contributing to the healthy and orderly development of the jewelry industry.
Mr. Liang Zhenjie, Chairman of the China Jewelry and Jade Industry Association, Party Committee of the National Jewelry and Jade Jewelry Inspection Group, full-time Deputy Secretary, and Chairman, highly praised the positive contribution and bold innovation made by the RapNetBuy platform to the development of the diamond and jewelry industry. And it was mentioned that the Shanghai Diamond Exchange was the first to launch the traceability code for declared diamonds, which is crucial for safeguarding the interests of the country, the industry, and the legitimate rights and interests of diamond enterprises, promoting the standardization of diamond imports, and building a sustainable and healthy development ecosystem for the diamond industry. It also greatly enhances consumer confidence and better promotes the standardized, orderly, healthy, and high-quality development of the jewelry industry. As a national level jewelry inspection and testing institution, we will also optimize and upgrade jewelry appraisal certificates in the future, integrate diamond customs declaration and traceability information, strengthen strategic cooperation with RapNetBuy (China Diamond Trading Platform), and open diamond domestic and international inspection service windows on RapNetBuy (China Diamond Trading Platform) to provide diamond inspection and upgrading services for diamond industry practitioners. Write a new chapter for the high-quality development of the jewelry industry.
Shi Hongyue, the full-time vice president of the China Jewelry, Jade, and Jewelry Industry Association, also stated that the launch of the RapNetBuy global diamond trading platform and the release of the Shanghai Diamond Exchange diamond traceability code have important practical and strategic significance for the standardization of diamond trade, the convenience of diamond trading, and the sustainable and high-quality development of the diamond cultural industry. In addition, the confidence and activity of diamonds in the Chinese market are still increasing. Under the temptation of diamond profits, relying solely on education and legal action is difficult to eliminate the phenomenon of smuggling. The industry needs to provide a compliant platform and provide effective methods. The RapNetBuy global diamond trading platform and the Shanghai Diamond Exchange diamond tracing source code provide solutions to eradicate industry dryness from a path and technology perspective. The China Treasure Association will take on the important responsibility of serving enterprises and standardizing the industry, fully supporting the market promotion and application of diamond trading platforms and diamond traceability codes. It also calls on all member units and diamond enterprises to trade diamonds with traceability codes on standardized platforms.
The press conference also invited Mr. Lin Qiang, the President of the Shanghai Diamond Exchange, to deliver a speech. Mr. Lin Qiang warmly congratulated the launch of the RapNetBuy platform and said that diamond tracing source code is an important voucher for legitimate transactions, and the release of diamond tracing source code has been planned and tried out by the Shanghai Diamond Exchange for a long time. I believe that with the efforts of the RapNetBuy platform and everyone present, the coverage of diamond tracing source code will also increase, China's diamond trading will also become increasingly legal and develop in a more sunny and healthy manner.
At the press conference, Mr. Su Wenquan, the director and general manager of Guangdong Baomao Technology Co., Ltd., the organizer, gave a detailed introduction to the development history, project advantages, and future plans of the RapNetBuy platform to the attending guests. He said that RapNetBuy is a Chinese diamond trading service platform jointly created by the international diamond group RAPAPORT, China Treasures Association (GAC), and Manbao Business Lian. Open up global diamond suppliers without intermediaries, and the platform collaborates with RapNet to achieve the lowest supplier prices. It also integrates procurement, customs declaration, logistics and financial advance services, and is committed to providing Chinese jeweler with a safe, efficient, open and transparent diamond trading platform that can directly purchase global diamonds with one click. With our joint efforts, at the global diamond supplier online promotion conference held by RAPAPORT Group in March this year, RapNetBuy platform's online transaction volume exceeded 80 million that month.
In addition, Mr. Su Wenquan also conducted a deep analysis of the pain points in the diamond industry at the meeting, as well as solutions and other unique services for these pain points on the RapNetBuy platform. In his future planning for the RapNetBuy platform, he stated that in the future, the RapNetBuy platform will cover GIA real-time spot, color diamonds, national inspection certificate goods, unified package goods, special price diamond, diamond recycling and other services, and will also invest a lot of energy in cultivating diamond tracks; At the same time, it provides jeweler with the supply chain SAAS system, so that jewelers can enjoy the retail experience and other services brought by technology at the lowest threshold. I hope to witness with everyone present at that time.
At the meeting, Mr. Martin Rapport, Chairman of RAPAPORT Group, stated that the Chinese market has always been a market that we attach great importance to. In the process of diamond traceability code execution, our teams on both sides have made tremendous efforts to break down technical barriers and allow our diamond data to be backed up in China, thus solving the fundamental problem of diamond traceability query and completing the entire chain of diamond traceability. I hope that both China and the United States can work together to link global diamonds and provide better, cheaper, and more secure services for global diamond merchants.
Three Hot Spots of the Press Conference
1. RapNetBuy is a global diamond trading platform jointly created by the China Jewelry and Jade Jewelry Industry Association (hereinafter referred to as the "China Jewelry Association"), RAPAPORT Group (Leipeng Bo Diamond Group, the same below), Chongqing Baiying Equity Investment Partnership, Shanghai Wanbao Shanglian Service Co., Ltd., and Guangdong Baomao Technology Co., Ltd. It was officially launched on July 8, 2022.
2. RapNetBuy has reached cooperation with the Shanghai Diamond Exchange, and jeweler can query the electronic source code of diamonds through RapNetBuy to identify the legitimacy of diamond channels.
3. RapNetBuy signed a strategic cooperation agreement with the National Inspection Group for Jewelry, Jade and Jewelry (hereinafter referred to as the "National Inspection Group for Jewelry") to purchase overseas diamonds for domestic jeweler in the international scope and provide testing services for these overseas diamonds. Both parties are also working hard to bind the diamond source code for the certificate.
At this point, the launch of RapNetBuy diamond trading platform and the promotion conference of diamond traceability code have come to a successful conclusion. In the future, RapNetBuy, as a highly influential online diamond trading platform in China, will work together with Baoxie, National Jewelry Inspection, Chinese jewelry brand retailers, and jewelry industry manufacturers to safeguard national interests, promote the healthy and orderly development of China's jewelry and diamond industry, and improve its development towards the high-end of the value chain, making unremitting efforts to achieve compliant development of the diamond industry.