JNA Awards 2020 - Jewellery Industry Best Practices

JNA AWARDS • 2020 63 international clients with just one click. As a result, GemCloud allows users of its enterprise resource planning (ERP) systems to sell their inventory online through GemCloud- powered marketplaces such as Gemsfeed and Gemolith. GemCloud technologies allow users to reduce costs, avoid inefficiencies and reach clients worldwide. The team also placed safeguards to address many brands and end-users’ concerns on traceability and responsible sourcing, asking each vendor to uphold the GemCloud Code of Conduct, which is aligned with the standards of major luxury groups. Each GemCloud Partner Vendor undergoes a process by a third party to make sure that it takes steps towards improving its responsible sourcing practices. Once the vendors have uploaded their inventories, each gem is graded, verified by a GemCloud authorised laboratory and rendered into high-quality visuals that are automatically uploaded together with their e-reports. Once this step is done, the product is automatically synced to GemCloud marketplaces. “This stringent vetting process ensures that all vendors take steps to comply with environmental, social and governance (ESG) principles,” Favoroso explains. Industry experience GemCloud is a unique and revolutionary project born from the expertise of its founders, from their experience in luxury, technologies, mining, the creation of a gradation system for rough rubies universally recognised in the market, and the development of cutting-edge software in the production of jewellery. GemCloud has over 60 years of aggregated experience working in the gems and jewellery industry. “This combination of deep industry experience and rich technology development skills helped, not only in solving problems, but in creating an all-encompassing solution that digitally links the industry from mines-to-market; one replete with visuals and videos that add to its overall efficiency, connectivity and productivity. It elevates the industry like never before,” expounds Favoroso. Creative thinking GemCloud also looked at experts in other industries to further enrich its talent pool. As Albert Einstein once famously said, “Everyone is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.” Inspired by these words, GemCloud grows its talent pool by looking for curious and driven individuals that they can groom into their new roles. “We work hard to ensure that the workplace suits their character. If they like the environment they’re in, they will learn the job very fast,” Favoroso says. 1, 4. Mariaveronica Favoroso, CEO and Co-Founder of GemCloud Software Limited 2. GemCloud Interactive Quotation 3. GemCloud creative team 5. From left: GemCloud Software Limited Co-Founders Noah Severs, who is also company CTO, and CEO Mariaveronica Favoroso 3 4 5