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NEW YORK, NY, May 31, 2018 /24-7PressRelease/ -- GemEntry, LLC is developing groundbreaking gem grading and analysis software. Development of this application marks the first time that machine-learning and real time verification technology has been applied to grading diamonds and precious stones. Creation of this technology means that the consumers can confidently determine gem quality for themselves.
GemAppraiserAI (patent pending) is a machine-learning algorithm for evaluating the quality and authenticity of gemstones, a practice that enhances and fortifies professional trust by placing many of the Gemologist's tools and knowledge at the consumer's fingertips. In addition to instantly determining whether a stone is natural or synthetic, the algorithm outputs the "4 C's" (using 10x magnification, the industry standard for diamonds) – cut, clarity, carat, and color. The software grades the precious stone in real time, ensuring that images cannot be altered or tampered with. Using this technology, the consumer can instantly determine diamond grade while shopping at the jewelry store or at home with a smartphone, laptop, tablet, or desktop computer. State-of-the-art blockchain technology safeguards certificates of authenticity, supports crowdsourcing and verification.
Deep learning methods have been successfully applied to object and scene determination applications. However, image recognition is still in its infancy and has yet to be applied to precious stone verification - until now. The software utilizes image recognition and machine learning to create a unique fingerprint of the precious stone, and the unique fingerprint can then be used to determine the stone's grade. "The level of repeatability that machine learning offers is significantly higher than manual grading processes," says inventor Sri Lakshmi. "Through this software diamond and precious stone grading will be far more efficient, consistent and will meet the industry's highest standards."
GemAppraiserAI represents a disruptive new approach to the seller-buyer relationship, in which the gemologist's (seller) appraisal is reinforced and the buyer gains confidence in their purchase. As such, GemAppraiserAI stands ready to lead the way to providing a bridge to future consumer self-reliance.
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App inventor Sri Lakshmi is a Gemologist and second-generation precious stone grader.
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