The Rapaport Group, has announced an acquisition of a controlling stake in the Watch Dealers Network (WDN). This venture has marked Rapaport’s foray into the watch trading segment, as till date it was a prominent industry driver for its diamond price lists. %% The WDN functions as an electronic B2B platform for its registered members only comprising of watch manufacturers, professional watch dealers and jewellery retailers. It has a unique Watch Wizard programme, which helps leverage information sharing. Its proprietary online trading software is integrated with the databases, and when a prospective trading opportunity arises, members are informed through alerts like instant messages, text messages and e-mails. %% WDN is into partnership with the International Watch and Jewelry Guild (IWJG). Following which, around 4,000 IWJG members are expected to join WDN, soon, which will create a stronger membership.