An article published on this website on May 13 concerning alleged fraud in the diamond industry mistakenly referred to the Rapaport Group and RapNet. The Rapaport Group and RapNet were not involved in any fraudulent activity as implied by the article. The Rapaport Group operates GIA’s LabDirect Service in Israel and along with RapNet is actively engaged in exposing and combating fraud in the diamond trade. Globes apologizes for the error.

Published by Globes [online], Israel business news - www.globes-online.com - on May 14, 2015