The Israeli diamond industry is entering the technological era and is changing right before our eyes, says Iris Hortman on www.israelidiamond.co.il. Israeli diamond companies are taking an active part in the process and are developing an array of advanced tools that assist diamantaires worldwide buy and sell diamonds with ease.
Some of these developments are already in use, including software that supports the purchase process, distance diamond inspection software, jewelry sales software and design software. These new tools join existing programs in the fields of diamond polishing and inventory.
Sale-Support Software
Among the new sale-support software is the free electronic diamond trade platform Diamonds Bay. Developers Rotem Ben Zion and Avi Leon designed it for the professional market – jewelers and diamantaires only – and the website allows for trade between companies, and is not for the end-consumer. The website does not charge any fees or commissions, but trading requires the presentation of industry certifications.
Onсe you are confirmed as a registered member on the website, you can upload information about the company's diamond inventory and expose it to a large number of diamond and jewelry companies worldwide.
Diamonds Bay’s uniqueness stems from the diamantaire's ability to set price-levels for different types of clients. For example, members of the Diamond Exchange will see the price with an additional 3%, jewelers would see the price with an additional 5%, etc.
The company offers another innovative feature: an application named 'Salesman', defining for which of the dozens of requests flowing into the system every day one is interested in getting direct offers to their smartphones. For example, it is possible to get offers only for fancy diamonds, etc. For further information: http://salesman.diambay.com/.
Determining the Price
When buying or selling one inevitably needs to calculate the price. EZCalc Diamonds is software that allows you to calculate the price of diamonds.
The software was developed by Adir Azran as a unique solution for determining diamond prices through a calculator that synchronizes with the Rapaport diamond pricelist.
The software also allows users to create various reports and can be accessed from all smartphones. EZCalc Diamonds also allows users to create buy-sale reports, stock memos etc., and has various other unique features.
Another software offering from AdirSoft allows users to estimate the value of rough diamond via their iPhone or iPad. The assessment reports can be adjusted to value a single diamond or a parcel of rough diamonds. It is easy to use and does not require prior knowledge.
For more information: http://www.adirsoft.com/index.php.
Colored Diamond Prices
Diamonds come in an array of colors and setting the prices of colored diamonds is much harder than that of a white diamond. Gemewizard's technology offers a unique way to set the color and price of colored diamonds. The company, which is owned by Avi Maron and Menachem Svedermish, offers unique technology to define the colors of diamonds and gems digitally, as well as a digital pricelist for colored diamonds.
The GemePrice system, which was developed over three years, is based on a digital diamond color-master, which can collect and analyze internet prices and offers a system that can set prices for colored diamonds. The system allows users to enter the stone's characteristics and the prices are set in real-time and are verified via the monitoring of online inventories, consisting of tens of thousands of diamonds, and a combination of information by top industry experts and real-time deals.
The prices are updated every four months following in-depth analysis to maintain the information's credibility. The system is also able to recognize trends according to location and seasons, with figures reflecting prices according to carat, item or a number of items.
The system is limited to profession diamond and gem industry users and is not available to the public. It supports multiple languages as well as smartphones, allows users to calculate diamond prices in 30 currencies and can be installed on a computer or a mobile phone, so it can be used offline.
GemePrice has been patented in the United States and Japan and has been adopted by several international bodies such as the GIA, the American Gem Trade Association (AGTA) and more.
For more information: http://www.gemewizard.com/.
Cross-Referencing Supply and Demand
Diamsearch is software that aims to help diamantaires cross-reference demand versus inventory in real-time. The program alerts users to corresponding supply and demand in real-time. Diamsearch was developed by Tomer Shiri and Eyal Badihi and is currently in the initial test phase.
Diamantaires can upload supply and demand lists to the program's website and the software will alert them to existing demands. The program can produce QR codes that can be scanned by any smartphone. The QR code synchronizes with the diamantaire's own supply and demand list and can be embedded onto business cards and other internal promotional material; allowing buyers to scan it and access the updated supply and demand list.
For more information: www.diamsearch.com.
An interesting fact is that all of these programs were developed by diamantaires for diamantaires, in order to improve the diamond sale process. These diamantaires harness technology to promote diamond sales and push traditional trade into the modern technological area.
