Introduction to RapNet XL
RapNet XL is an advanced tool designed to help diamond traders efficiently manage their inventory, access real-time pricing, and gain deeper insights into the diamond market. Whether you're looking to stay updated on market trends or streamline your diamond trading, RapNet XL offers features to optimize your workflow and provide valuable data at your fingertips.
Key Benefits of Using RapNet XL:
Upload your inventory to RapNet® – one-click updating and uploading.
Automatically synchronize your inventory with the latest Rapaport Prices.
Calculate your diamond inventory based on percentages off Rapaport Prices using our unique price worksheet.
View RapNet® best/average prices as well as the Rapaport Prices next to your inventory.
Download your current RapNet® stock directly to Microsoft® Excel®.
Update your online diamond listings instantly, with no delay.
Download RapNet® Buy Requests from the RapNet® to Microsoft® Excel®.
Downloading and Installing RapNet XL
Log in to RapNet > Go to Add-ons: From the menu, select Add-ons RapNet.
Download RapNet XL
Run the Installer: Once the file is downloaded, run the installer and follow the prompts.
Open Excel: After installation, open Excel, and you should see RapNet XL in your menu bar.
System Requirements for RapNet XL
Plans: RapNet XL is included in the Primary Supplier, RapNet Dealer, and Buyer Pro plans at no additional cost.
Operating System: Windows 10 or higher.
Excel: Excel 2016 or later.
Unsupported Platforms: Apple Mac and Open Office are not supported.
Navigating and Using RapNet XL
Watch this video to learn how to use RapNet XL, or continue reading below
Overview of RapNet XL Sections:
RapNet XL is divided into four main sections, each designed to enhance your experience and provide powerful tools for managing diamonds, pricing, and inventory.
Rapaport Prices:
Update Prices: Automatically get the latest Rapaport price list and start calculating diamond prices.
Rapaport Prices: View the latest Rapaport price list.
Price Worksheet: Create a new worksheet to calculate prices and discounts for your diamonds. Enter diamond data, and RapNet XL will auto-populate Rap% % and Rap-Price.
Price Calculation: Input your $ per carat or $ per total to automatically calculate the other value.
Compare Prices: Click to compare your prices with the best and average prices on RapNet for the same diamond category.
Diamond Upload:
New Stock File: Open the Stock File template to upload your diamond inventory.
View Buy Requests: Export, view, and filter all live Buy Requests from RapNet.
My Stock on RapNet: Export your existing inventory as a CSV file.
Upload to RapNet: Choose from two options:
Replace All: Removes lots not included in the upload file.
Add and Update: Adds new lots, updates existing ones, and keeps other lots listed on RapNet.
RapNet on the Web:
Use shortcuts for managing your diamond listings, searching for diamonds, and managing files directly on RapNet.
Advanced Settings:
Price Settings: Choose default price settings for your calculations.
Change Price Lists: Select the 5ct or 10ct price list for price calculations in the worksheet.
Auto RapPrice: Enable this feature to automatically calculate the RapNet price or RapNet Discount as you enter or update data in your stock file.
Click Apply and then OK to save your settings.
Using the 'Compare to RapNet' Button on RapNet XL
The Compare to RapNet button in RapNet XL allows you to compare your diamond pricing against the default TradeScreen grid, which includes the RapSpec A1, A2, and A3 price categories.
Here's how to use this feature:
Fill out your price worksheet: Start by entering the diamond details into your worksheet.
Click "Compare to RapNet": Choose to compare your pricing either by $ per carat or by the discount from the Rapaport price list.
Agree to Include the Comparison Columns: When prompted, select the option to include the new comparison columns in your worksheet.
View Your Comparison Results: The tool will compare your diamond prices with both the best and average prices listed on RapNet, displaying them in both $ per carat and as a discount from the Rapaport price list.
More Diamond Pricing Tools
Visit the RapNet Diamond Pricing Tools page to explore various tools designed to simplify diamond pricing for you and your customers.