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Gemewizard will present the new GemePrice and its other products in Tucson show 2012

Jan 17, 2012

Gemewizard will present the new GemePrice for fancy colored diamonds and gemstones and other products in Tucson show, 2012. Visit us at Tucson GJX show, booth #710, between January 31st and February 5th, 2012. During the show, Gemewizard team will offer a special 10% discount on its products.
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GemePrice for Fancy Colored Diamonds and Colored Gemstomes launched at Israel Diamond Exchange

Nov 16, 2011

GemePrice™ system for fancy colored diamonds launched at IDE, aims to change diamond trading

Ramat-Gan, Israel - November 16, 2011 - GemePrice™, the revolutionary online wholesale pricing system that allocates prices to fancy colored diamonds as well as to gemstones according to the Color Codes generated by Gemewizard® was officially launched yesterday at the Israel Diamond Exchange in Ramat Gan, Israel. More than 200 leading diamond and gem traders, gemologists and other diamond professionals crowded into the Cullinan restaurant in the diamond exchange complex, leaving many participants with standing room only.

In a fast-paced presentation, Gemewizard® founder Menahem Sevdermish demonstrated the GemePrice™ system and explained how the unique Gemewizard color communication software had been successfully integrated into a pricing system for fancy colored diamonds, creating - de facto - a comprehensive digital "Color Master Set" together with pricing information for the benefit of the industry.

The GemePrice™ database contains grades, qualities, commercial names and prices of almost 400 fancy colored diamonds' color combinations and over 50 types of the most traded gemstones with a visual display of over 15 shapes.

Asked by members of the audience how the data for the price list are obtained and how reliable they are, Sevdermish pointed out that the prices quoted by GemePrice™ are generated and authenticated through real-time analysis of over $100 million worth of inventory of fancy colored diamonds that are offered for sale at any particular time from carefully selected sources on the Internet, as well as data obtained from renowned industry experts. "The prices are automatically generated, using a sophisticated algorithm, taking into account various sources of data, which consequently are weighed carefully by IT experts at the GemePrice™ Center. Throughout the process, there is no intervention or any undue influence by trade members or people who are interested in pushing market prices up," he stated.

Shmuel Schnitzer, a honorary IDE president who attended the GemePrice launch, heaped praise on Sevdermish and his team on their achievements, saying that "in today's diamond business, we need modern tools and precise terminology. The trade will benefit significantly from this system, as it will enable traders of fancy colored diamonds, no matter where they are in the world, to communicate better, while using the same platform,"Schnitzer said.

"Since the gem and jewelry industry and trade began using online trading tools, the total bulk of trade in diamonds and gems has only increased," said Avner Sofiov, principal of Tzoffey's auction house and a former president of the Israel Precious Stones and Diamonds Exchange (IPSDE). "I have no doubt that the adoption by the trade of the GemePrice system and price list for fancy colored diamonds and for colored gemstones will greatly improve the level and quality of communications between trading partners. In addition, as this system creates more transparency, this fantastic tool will help increase consumer confidence in the products we sell. That can only be good for our business," Sofiov noted.

New Version of GemePrice for Fancy Colored Diamonds and Colored Gemstones released

Nov 03, 2011

New version of GemePrice™ system for fancy colored diamonds to be unveiled at exclusive launch event at Israel Diamond Exchange

Launch to take place on November 15th,

Ramat-Gan, Israel -- November 3, 2011 - Gemewizard®, the world leader in the development of color communication systems for the fancy colored diamond, colored gemstone and jewelry industries, has announced the release of the new version of GemePrice™. The revolutionary online wholesale pricing system now allocates prices to fancy colored diamonds as well as to gemstones according to the Color Codes generated by Gemewizard®. GemePrice™ will be launched at the Israel Diamond Exchange on November 15th, 2011.

Gemewizard® founder Menahem Sevdermish said this release was an important milestone among the Gemewizard® enterprise achievements since the company launched its first Gemewizard® color communication software over 5 years ago.

"GemePrice™ for fancy colored diamonds is the culmination of a full decade of development and refinement of our color communication software products," Sevdermish noted. "This unique pricing system is the only system in the international diamond and gemstone market to display the exact color combination along with the price and relevant gem parameters."

Sevdermish said that the GemePrice™ database contains grades, qualities, commercial names and prices of more than 350 fancy colored diamonds color combinations and over 50 types of the most traded gemstones with a visual display of over 15 shapes. Consequently, GemePrice™ users can easily find the price of a specific diamond either by defining any of the diamond's parameters: color grade, shape, clarity and cut, or by browsing through the pricelist."

"The prices listed by GemePrice™ are generated and authenticated through the analysis of tens of thousands of fancy colored diamonds being offered for sale at any particular time on the Internet, as well as by means of prices allocated by a panel of industry-renowned experts; and finally on real-time commercial data," Sevdermish explained.

Gemewizard will participate at FEEG symposium.

Jan 16, 2010

Gemewizard's inventor, Menahem Sevdermish, was invited to lecture about color communication in the annual symposium of FEEG, the Federation of the European Gemological Education Institutes.
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New GemePro server version revealed.

Jan 01, 2010

Gemewizard revealed its new development, GemePro server, a computer network version designed for large companies with two or more licenses.
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