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

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. 
 
Distributed by MarketDirect Business Communications on behalf of Gemewizard.
 
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Ya'akov Almor
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