The Rapaport Group has joined a growing list of companies that have signed Letters of Intent to purchase office space at the World Jewelry Center (WJC).
The company provides diamond price and market information, with products that include the Rapaport Diamond Report and RapNet, the electronic diamond-trading network with daily listings of more than $3.1 billion in diamonds.
Chairman Martin Rapaport said Rapaport USA has profited greatly from being based in Las Vegas since 1998.
"The World Jewelry Center is a great opportunity for diamond and jewelry companies seeking to develop and expand U.S. operations," he said in a statement. "Improved access to superior employees at reasonable rates, a 24/7 work environment, no state or city taxes, and a can-do pro-business attitude have made Vegas a great place to do business."
WJC Managing Director Bill Boyajian welcomed Rapaport to the fold.
"Martin Rapaport is a noted industry leader and visionary, and the Rapaport Group's participation will enhance the diversity and quality of firms that are part of the World Jewelry Center," he said.
Boyajian said the move also shows the confidence the gem and jewelry industry has in the project.
"We are attracting companies of all sizes, regions of the world, and products and services, making it truly the ideal international marketplace for gems and jewelry," he said.
In June, Boyajian said more than 80 companies were onboard and the center could officially break ground on the project by next April. The multi-use center will include a 60-story business-to-business trade tower, educational center, condominiums and a three-story retail center.
Source: nationaljewelernetwork
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