RAMAT GAN, ISRAEL: OCTOBER 11, 2012 – With the launch of GemePrice3.0™, the most comprehensive online pricing system for the diamond, gemstone and jewelry sectors, Gemewizard® and IDEX Online have announced the signing of a strategic agreement that will enable Gemewizard to use IDEX Online’s diamond pricing data.
Tailor-made for industry professionals, this one stop pricing station allows for up-to-date pricing of diamonds, fancy-colored diamonds and colored gemstones. Furthermore, a new module enables jewelers and retailers to estimate the market prices of all of a jewelry item’s separate components, including precious metals.
GemePrice 3.0 is the next generation of Gemewizard’s groundbreaking GemePrice™ system, which uses the Gemewizard color analysis method. The prices listed by GemePrice are generated using algorithms developed by Gemewizard and IDEX Online, that analyze the prices of half a million diamonds with a total value of more than $4 billion, fancy colored diamonds worth more than $200 million, and more than $100 million of colored gemstones, being offered for sale at any particular time online.
Gemewizard further authenticates fancy-colored diamonds and colored gemstones through consultation with a panel of industry-renowned experts and by analysis of real-time commercial data obtained from transactions taking place on the Gemewizard trading platforms.
GemePrice 3.0 is simple to use and accessible from any computer or smartphone. “This is a tool that is being designed not only for the gem expert,” said Menahem Sevdermish, Gemewizard’s founder and president. “It is geared also for retail jewelers, who will be able to obtain an accurate and current price evaluation of a jewel anytime and anywhere around the globe in multiple languages and in local currencies.”
“GemePrice 3.0 represents the collective credibility of two of the industry’s most transparent pricing systems,” said Abraham Stern, CEO of IDEX Online. “Both Gemewizard and IDEX Online systems are transparent, based on real asking prices from professional dealers from all over the world in real time.”
The price lists for diamonds are updated weekly while the colored diamonds and gemstones are updated monthly.
The annual subscription fee for GemePrice 3.0 has not increased with the introduction of the diamonds module and the Pricing Station feature. Current colored diamonds and gemstones subscribers of GemePrice will be able to upgrade to the comprehensive GemePrice 3.0 system at no additional charge. Subscribers currently using the gemstone-only package will be able to upgrade to the full package for an additional $60.
To read more about GemePrice 3.0, please visit http://www.gemewizard.com/store-price.php