Who can use this financing option?
RapNet members who are purchasing diamonds or wish to leverage their inventory.How do I know if a diamond is eligible?
GIA-certified diamonds of 1ct or larger. In special cases, other diamonds may also be eligible, such as fancy-colored diamonds. Click the finance button to be put in touch with RapNet's financing partner. The minimum finance value is $10,000 per transaction.What happens after I request financing?
Your request is sent to the financing partner, and you will receive a confirmation email. The financing partner will contact you.Can I request financing for multiple diamonds at once?
Yes, you can select multiple diamonds and submit a single financing request if the total value meets the $10,000 minimum.What is RapNet's role in this financing process?
RapNet facilitates the request process, but financing is provided directly by the Delgatto Diamond Finance Fund.Where are my diamonds held?
Diamonds used as collateral will be securely stored at Rapaport’s New York office or Delgatto Diamond Finance Fund's storage facility. Diamonds stored at Rapaport may be shown to potential buyers during the financing period.What are the fees? Fees will be discussed directly with you and the finance partner. Generally, 1% per month.
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Written by Philippa Corrick
Updated this week