Rapaport Diamond Corporation Appoints David Lee CEO

RAPAPORT PRESS RELEASE, February 1, 2024, New York… Rapaport Diamond Corporation (RDC), the US auction and trading company of the Rapaport Group is pleased to announce the appointment of David Lee as the Chief Executive Officer and Michelle Ickowics as the Chief Operating Officer.

The team will be working together to significantly expand the Group’s auction and trading activities with additional emphasis on gems and jewelry. RDC is currently the world’s largest recycler of diamonds, with auction sales of over 400,000 carats per year. The Rapaport Price List, RapNet, and Information services will continue to be owned and operated by Rapaport USA Inc., a separate company headquartered in Las Vegas, Nevada.

“We are excited to welcome David to Rapaport Diamond Corporation. Working together with Michelle, a 14-year Rapaport veteran, I am confident they will maintain Rapaport’s ethical values as they grow our diamond trading business and expand operations to gems and jewelry. We anticipate increased opportunity in the jewelry trade as elderly consumers sell their jewelry”, said Martin Rapaport, Chairman of the Rapaport Group.

Rapaport Media Contacts: [email protected]
US: Sherri Hendricks +1-702-893-9400
International: Avital Engelberg +1-718-521-4976 
India: Sathi Nair +91-22-6628-6500

About the Rapaport Group: The Rapaport Group is an international network of companies providing added-value services that support the development of ethical, transparent, competitive, and efficient diamond and jewelry markets. Established in 1976, the group has more than 20,000 clients in over 121 countries. Group activities include Rapaport Information Services, providing the Rapaport benchmark Diamond Price List, as well as research, analysis and news; RapNet, the world’s largest diamond trading network, with daily listings of over 1.7 million diamonds valued at more than $9 billion; and Rapaport Trading and Auction Services, the world’s largest recycler of diamonds. Additional information is available at rapaport.com.