Rapaport to address diamond commoditization, Internet trading

Martin Rapaport will address diamond commoditization and the impact of the Internet on the diamond trade in a presentation on Nov. 21 at the Hong Kong Diamond Bourse.

The presentation will include details of Rapaport's plan to commoditize diamonds and enable the creation of diamond derivatives through the establishment of transparent transaction prices for one carat and larger diamonds. The transformational role of global business-to-business Internet markets and the impact of business-to-consumer Internet retailing on profit margins will also be discussed.

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