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GCAL Concludes Acquisition of Gemprint and IP Assets

May 4, 2011 4:21 PM   By Jeff Miller
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RAPAPORT... The Palmieri Group, founder and owner of the Gem Certification & Assurance Lab Inc. (GCAL), completed the acquisition of all business and assets related to Gemprint.  Assets acquired included all of Gemprints’ worldwide patents, trademarks, copyrights, as well as, developmental prototypes, advanced software, databases (1978 to present), and all other remaining intellectual property relating to the identification, light performance, and diamond grading business, formerly owned by Collectors Universe Inc.

GCAL has been utilizing Gemprint technology in Botswana, Canada, China, India, Israel, and the U.S. to audit and support country of origin authenticity of diamonds for many years. In addition, all GCAL graded diamonds are "gemprinted" and stored in the Diamond ID International Database.

Angelo W. Palmieri, president of Gemprint, will handle and coordinate all Gemprint sales, service, and contractual agreements and integrate the new Gemprint technology into its existing international database.

''We are excited to be able to share the new Gemprint technology with all diamond laboratories, manufacturers, retailers, and most of all, consumers who seek positive identification protection of one of their most prized and sentimental possessions…their diamonds,” stated Palmieri.

Don Palmieri, GCAL’s president, who has used Gemprint since its inception in 1978, initiated a complete redesign of the Gemprint instrumentation, application, and advanced software in 2008. The Gemprint scanner has been redesigned as a gravity-fed, auto-alignment system, which eliminates the need for manual alignment and greatly curbs the chances of human error. The newly designed software allows matching against hundreds of thousands of images of registered diamonds within seconds.  A  demonstration of the new instrumentation and additional information is available here:  www.Gemprint.com/news

 

Tags: gcal, gemprint, Jeff Miller
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