A hand-held underwater net assembly with a snare closure that easily and rapidly closes the netting to prevent fish and crustaceans from escaping. The net assembly ideally includes a brightly colored net closure cord which serves to draw the netting together and close the netting when the snare handle and telescopic draw stem are proximally pulled outward and retracted by a user. The extension of the handle of the net assembly, pulls the netting into a closed position. The brightly colored net closure cord makes it easy for the underwater user to determine when the net is in the closed position and the catch is securely contained within the netting.