WO2016032401A1

WO2016032401A1 - A system for providing a single indicative price data of a gemstone from a gemstone inventory database and a method thereof

Info

Publication number: WO2016032401A1
Application number: PCT/SG2015/050283
Authority: WO
Inventors: James Ian SYDDALL
Original assignee: Caraters Pte. Ltd.
Priority date: 2014-08-27
Filing date: 2015-08-27
Publication date: 2016-03-03
Also published as: SG10201405291RA

Abstract

The present invention relates to a method for providing a single indicative price data of a gemstone in a gemstone inventory database. The method includes receiving a gemstone specification from a user, identifying an inventory gemstone record in the gemstone inventory database using the gemstone specification, retrieving a inventory gemstone price data of the inventory gemstone record from the gemstone inventory database, such that the inventory gemstone price data is used as the single indicative price data, and providing the single indicative price data to the user. The present invention further relates to a system for the method.

Description

A SYSTEM FOR PROVIDING A SINGLE INDICATIVE PRICE DATA OF A

GEMSTONE FROM A GEMSTONE INVENTORY DATABASE AND A METHOD

THEREOF

Technical Field

[0001] The present invention relates to a system for providing a single indicative price data of a gemstone from a gemstone inventory database and a method thereof.

Background

[0002] Gemstones, e.g. diamonds, have been one of the mostly highly sought after types of material for jewellery. Diamond is one of the most popular gemstones. The value of each diamond is assessed based on many factors. Typically, a diamond is graded based on factors like its cut, colour, clarity and carat, i.e. 4 C's. Each factor is divided into numerous grades to identify the quality of the diamond. For example, the colour of a diamond can be divided into grade D, E, F, G, H, I, J, K , L & M. With the number of factors and grades within each factor, it would not be easy for a consumer to find out about the price of a diamond.

[0003] There are many online platforms available to help consumers find out about the price of a diamond of a certain specification. However, some of the online platforms may be difficult to use and requires a certain level of knowledge before the consumers are able to use the platforms. There are also platforms which provide a substantially long list of diamond specifications and prices based on the specification provided by the consumers. Often, the consumers would be confused and be in a dilemma from the number of choices that they have before them. In this way, the consumer would not have an enjoyable and relaxing purchasing experience.

[0004] In addition, it is common that online platforms provide a list of prices which are based on data obtained from certain databases. Consumers who have the list of prices would only be able to use it as a reference when they purchase the diamonds in a shop or online. It is also common that although the prices in the list may be lower than the prices available in the shop or online, the consumer would not be able to find a diamond of those prices easily.

[0005] Accordingly, the present invention aims to overcome the abovementioned issues. Summary

[0006] According to various embodiments, the present invention relates to a method for providing a single indicative price data of a gemstone in a gemstone inventory database. The method includes receiving a gemstone specification from a user, identifying an inventory gemstone record in the gemstone inventory database using the gemstone specification, retrieving a inventory gemstone price data of the inventory gemstone record from the gemstone inventory database, wherein the inventory gemstone price data is used as the single indicative price data; and providing the single indicative price data to the user.

[0007] According to various embodiments, the method may further include providing a purchase input interface configured to allow the user to input a purchase instruction to purchase the gemstone based on the single indicative price data.

[0008] According to various embodiments, the method may further include providing a first user interface configured to receive the gemstone specification from the user.

[0009] According to various embodiments, the method may further include providing an search request interface configured to receive user instruction to search the gemstone inventory database based on the gemstone specification.

[0010] According to various embodiments, the method may further include searching the gemstone inventory database for the gemstone having the gemstone specification.

[0011] According to various embodiments, providing the single indicative price data may include displaying the single indicative price data on a display screen.

[0012] According to various embodiments, the method may further include calculating the price data for a pair of gemstones based on the single indicative price data of the gemstone.

[0013] According to various embodiments, the method may further include providing the user the price data for the pair of gemstones based on the single indicative price data of the gemstone.

[0014] According to various embodiments, the method may further include calculating the price data for a pair of earrings based on the price data of the pair of gemstones or the single indicative price data.

[0015] According to various embodiments, the method may further include providing the user the price data of a pair of earrings. [0016] According to various embodiments, the method may further include receiving the user input on a preferred transaction currency.

[0017] According to various embodiments, the method may further include providing a purchase option input interface configured to receive user's purchase instruction.

[0018] According to various embodiments, the method may further include providing an indicative certified price of the gemstone.

[0019] According to various embodiments, the method may further include providing an alternative gemstone having another gemstone specification from the gemstone inventory database when the gemstone is not found in the gemstone inventory database.

[0020] According to various embodiments, the gemstone specification may include carat, clarity and colour of the gemstone.

[0021] According to various embodiments, the gemstone specification may further include cut of the gemstone.

[0022] According to various embodiments, the gemstone specification may further include shape of gemstone.

[0023] According to various embodiments, the present invention further relates to a system configured to provide a single indicative price data of a gemstone in a gemstone inventory database. The system includes a first user interface configured to receive a gemstone specification from a user, an identification module configured to identify an inventory gemstone record in the gemstone inventory database using the gemstone specification, a retrieval module configured to retrieve an inventory gemstone price data of the inventory gemstone record from the gemstone inventory database, wherein the inventory gemstone record price is used as the single indicative price data to be provided to the user.

[0024] According to various embodiments, the system may further include a purchase input interface configured to allow the user to input a purchase instruction to purchase the gemstone based on the single indicative price data.

[0025] According to various embodiments, the system may further include a first user interface configured to receive the gemstone specification from the user. [0026] According to various embodiments, the system may further include a search request interface configured to receive user instruction to search the gemstone inventory database using the gemstone specification.

[0027] According to various embodiments, the system may further include a purchase option input interface configured to receive user's purchase instruction.

[0028] According to various embodiments, the gemstone specification may include carat, clarity and colour of the gemstone.

[0029] According to various embodiments, the gemstone specification may further include cut of the gemstone.

[0030] According to various embodiments, the gemstone specification may further include shape of gemstone.

Brief Description of Drawings

[0031] Fig. 1 shows an exemplary system to provide a single indicative price data of a gemstone in a gemstone inventory database;

[0032] Fig. 2 shows an exemplary gemstone application with a first user interface having a gemstone specification;

[0033] Fig. 3 shows the first user interface of Fig. 2 with a first message area;

[0034] Fig. 4 shows a second user interface with a second message area;

[0035] Fig. 5 shows a second user interface of Fig. 4 without the second message area;

[0036] Fig. 6 shows an exemplary method of providing a single indicative price data of a gemstone in a gemstone inventory database;

[0037] Fig. 7 shows the first user interface of Fig. 3 with another gemstone specification; [0038] Fig. 8 shows the second user interface with another gemstone specification; [0039] Fig. 9 shows an exemplary video page of the gemstone application; [0040] Fig. 10 shows an exemplary entertainment page of the gemstone application; and [0041] Fig. 11 shows an exemplary event page of the gemstone application. Detailed Description

[0042] Fig. 1 shows a system 100 configured to provide a single indicative price data 124 of a gemstone in a gemstone inventory database 110. System 100 includes a first user interface 122 configured to receive a gemstone specification from a user, an identification module 106 configured to identify an inventory gemstone record in the gemstone inventory database 110 using the gemstone specification, and a retrieval module 108 configured to retrieve an inventory gemstone price data of the inventory gemstone record from the gemstone inventory database 110, such that the inventory gemstone price data is used as the single indicative price data 134 provided to the user. Gemstone may be a diamond or a certified diamond.

[0043] System 100 may include a server 102 in communication with the gemstone inventory database 110. Gemstone inventory database 110 may be a database for gemstone records of gemstones that are present in the inventory, for example, of a gemstone seller. System 100 may include a communication module 114 configured to communicate wirelessly with a mobile device 180. Server 102 may be configured to host a gemstone application 120. Mobile device 180 may be in communication with the server 102 via communication module 114. Mobile device 180 may be configured to download the gemstone application 120 from the server 102. Gemstone application 120 may include the first user interface 122, the identification module 106, and the retrieval module 108. Identification module 106 may reside in the server 102.

[0044] Fig. 2 shows a exemplary embodiment of the gemstone application 120. As shown in Fig. 2, gemstone application 120 may include the first user interface 122. System 100 may include a first input interface 124 configured to receive the gemstone specification from the user. Gemstone specification may include carat, clarity and/or colour of the gemstone. First input interface 124 may include at least one of a carat input interface 126, a clarity input interface 128, or a colour input interface 130. Carat input interface 126 may be configured to receive a carat grade data of the gemstone required by the user. Clarity input interface 128 may be configured to receive a clarity grade data of the gemstone required by the user. Colour input interface 130 may be configured to receive a colour grade data of the gemstone required by the user. Carat grade data may include carat grade from 0.05-2.0. Carat grade may be at least 0.05, 0.10. 0.15, 0.20, 0.25, 0.30, 0.35, 0.40, 0.45, 0.50, 0.55, 0.60, 0.65, 0.70, 0.75, 0.80, 0.85, 0.90, 0.95, 1.0, 1.05, 1.1, 1.15, 1.2, 1.25, 1.3, 1.35, 1.4, 1.45, 1.5, 1.55, 1.6, 1.65, 1.7, 1.75, 1.8, 1.85, 1.9, 1.95, 2.0. Colour grade data may include colour grade of at least D, E, F, G, H, I, J, K, L. Clarity grade data may include clarity grade of at least IF, VVS l, VVS2, VS l, VS2, S I, S2, LI, L2, L3. Gemstone application 120 may include a display area 132 configured to display the single indicative price data 134. Gemstone application 120 may include an entry confirmation interface, e.g. a box (not shown in Fig. 2) configured to receive a confirmation input from the user that the gemstone specification has been entered. Gemstone application 120 may be configured to auto-generate and display the single indicative price data 134 upon receiving the gemstone specification from the user.

[0045] Display area 132 may be disposed below, above or beside the first input interface 124. Display area 132 may include a purchase input interface (not shown in Fig. 2) configured to allow the user to input a purchase instruction to purchase the gemstone based on the single indicative price data. Purchase input interface may include an input box, a drop down box, a scroll bar or anything that enables user input of information.

[0046] Display area 132 may include an availability input interface 138 configured to receive a user instruction to search the gemstone inventory database 110 based on the gemstone specification. System 100 may search the gemstone inventory database 110 for a gemstone record having the gemstone specification.

[0047] As shown in Fig. 2, the gemstone application 120 may include a shape input interface 140 configured to receive user's choice of shape for the gemstone. Shape input interface 140 may be disposed at a top portion of the first user interface 122. Shape input interface 140 may include a plurality of boxes arranged adjacent each other or otherwise. Each of the plurality of boxes may indicate a shape of the gemstone. For example, a first box of the plurality of boxes may indicate round shaped gemstones, a second box of the plurality of boxes may indicate heart shaped gemstones, and a third box of the plurality of boxes may indicate princess cut gemstones. Gemstone application 120 may include a currency input interface 144 configured to receive the user input on a preferred transaction currency. Transaction currency may be in US dollars, Singapore dollars, Euro etc. Gemstone application 120 may include a location detection module (not shown in Fig. 2) such that the location detection module may detect the location of the mobile device 180, therefore the location of the user, and automatically select the transaction currency in the currency input interface 144 according to the location of the user. [0048] As shown in Fig. 3, the gemstone application 120 may include a first message display area 142 configured to display a first message before displaying the first user interface 122. First message area 142 may appear over the first user interface 122.

[0049] Referring to Fig. 4, the gemstone application 120 may include a second message display area 152 configured to display a second message. Second message area 152 may appear after entering of the gemstone specification or after confirming request to search and check the availability of the inventory gemstone record according to the gemstone specification.

[0050] As shown in Fig. 5, the gemstone application 120 may include a second user interface 150 configured to receive user's purchase input instruction to purchase the gemstone. Second user interface 150 may include an illustration of the gemstone 154, the gemstone specification 156, the single indicative price data 134 and a purchase input interface 148. Second message display area 152 (as shown in Fig. 4) may appear over the second user interface 150. Message display areas may be a message box configured to display messages. Gemstone record may include an illustration of the gemstone, the gemstone specification and the single indicative price data.

[0051] Gemstone application 120 may provide the user the price data for a pair of gemstones based on the single indicative price data 134 of the gemstone (not shown in Fig. 5). Gemstone application 120 may calculate the price data for the pair of gemstones based on the single indicative price data of the gemstone. Gemstone application 120 may calculate and provide the user the price data for two or more gemstones based on the single indicative price data of the gemstone.

[0052] Referring to Fig. 5, the gemstone application 120 may provide the user the price data for a pair of earrings 158. In this case, the gemstone application 120 may calculate the price data for a pair of earrings 158 based on the price data of the pair of gemstones or the single indicative price data 134. Price data of the pair of earrings 158 may be higher than twice the single indicative price data 134 or the price data for pair of gemstones as the price data of the pair of earrings 158 may include the price data of the casings for the pair of earrings and cost of workmanship to frame the pair of gemstones.

[0053] As shown in Fig. 5, the gemstone application 120 may provide a purchase input interface 148 configured to receive user's purchase instruction to purchase the pair of gemstones or the pair of earrings. [0054] As shown in Fig. 5, the gemstone application 120 may provide a certified price data 160 as the gemstone price data, the price data of the pair of gemstones, and/or the price data of the pair of earrings. Certified price data may be the price of the gemstone that has been certified by an international certification organization, e.g. Gemological Institute of America (GIA). As shown in Fig. 5, the certified price data may be higher than the price data for pair of earrings.

[0055] Fig. 6 shows an exemplary method 1000 for providing the single indicative price data 134 of a gemstone in the gemstone inventory database 110. Method 1000 includes receiving a gemstone specification from a user in 1100, identifying an inventory gemstone record in the gemstone inventory database 110 using the gemstone specification in 1200, retrieving the inventory gemstone price data of the inventory gemstone record from the gemstone inventory database in 1300 such that the inventory gemstone price data is used as the single indicative price data 134 and providing the single indicative price data 134 to the user in 1400.

[0056] Referring to Fig. 2, the gemstone application 120 may provide the first user interface 122 which may include the first input interface 124 configured to receive the gemstone specification from the user. User may input the gemstone specification of the gemstone that he or she wishes to find an indicative price for. For example, referring to Fig. 2, the user wishes to find an indicative price or suggested price for a gemstone of 0.20 carat, grade D colour and grade VS 1 clarity. Upon completing the input of the gemstone specification in the first input interface 124, the gemstone application 120 may, upon confirmation of the entry of gemstone specification by the user, or the gemstone application 120 may automatically search the gemstone inventory database 110 for the inventory gemstone record having the gemstone specification. Gemstone application 120 may communicate with the server 102 to access the gemstone inventory database 110 using the gemstone specification. Gemstone application 120 may retrieve the inventory gemstone price data of the gemstone with the gemstone specification. Inventory gemstone price data may be the selling price of the inventory gemstone in the gemstone inventory. Inventory gemstone price data may be used as the single indicative price data that is provided to user. Gemstone application 120 provides user with a single indicative price data 134. In this way, the gemstone application provides a simple and straightforward gemstone price to the user. Comparatively, some applications provide a list of gemstone prices which tend to cause confusion and dilemma to the user. [0057] Gemstone application 120 may provide user with the option to purchase the gemstone based on the single indicative price data 134. User may click on the purchase input interface (not shown in Fig. 2) to purchase the gemstone at the price indicated by the single indicative price data 134. As the single indicative price data 134 is based on the inventory gemstone price data of an inventory gemstone in the inventory, there will be available gemstones in the gemstone inventory and the user may purchase the gemstone at the single indicative price data 134 provided. In another words, the user may be guaranteed the purchase of the gemstone shown in the second user interface 150 (refer to Fig. 5).

[0058] Gemstone application 120 may provide user with an availability input interface 138 to request for user confirmation to check the availability of a gemstone as specified in the gemstone specification. User may click the availability input interface 138 to request to check the availability of the gemstone with the gemstone specification.

[0059] Fig. 7 shows another exemplary embodiment of first user interface 122. If the gemstone is not available, the gemstone application 120 may provide a null, i.e. zero, as the single indicative price data 134 thus indicates that an inventory gemstone record with the gemstone specification as provided by the user is not available in the gemstone inventory.

[0060] Referring to Fig. 8, if the user click on the availability input interface 138 (not shown in Fig. 8) to check for the availability of the gemstone when the single indicative price data 138 is null, gemstone application 120 may provide an alternative inventory gemstone record having another gemstone specification 162 from the gemstone inventory database 110 as the inventory gemstone record based on the gemstone specification is not found in the gemstone inventory database 110 (not shown in Fig. 8). For example, referring to Fig. 7, a user wishes to obtain an indicative price of a gemstone with gemstone specification as follows: a heart shaped gemstone with a carat weight of 0.20, a colour of grade D and a clarity of grade VS 1. After searching the gemstone inventory database 110, the gemstone application 120 may not find an inventory gemstone record of the gemstone specification. Accordingly, as shown in Fig. 8, the gemstone application 120 may provide an alternative gemstone record with an alternative gemstone specification 162 as follows: a pair heart shaped gemstones with a carat weight of 0.50, a colour of grade E, and a clarity of grade VVS 1. In addition, in the example, the gemstone application 120 may provide the price data for the pair of earrings and the option to purchase the pair of earrings. Gemstone application 120 may direct the user to a website for the purchase of the pair of earrings. Clearly, the gemstone application 120 may display a single price at a time so as to simplify or eliminate the user's confusion and dilemma.

[0061] Mobile device 180 may be configured to download the gemstone application 120 from the server 102. Mobile device 180 may include a tablet, a smartphone, or a laptop.

[0062] Mobile device 180 may include a display screen configured to display the gemstone application 120. As such, providing the single indicative price data may include displaying the single indicative price data on a display screen. Mobile device 180 may be a portable computer, e.g. laptop, a smartphone, a tablet or equivalent. A skilled person would understand that the gemstone application 120 may be applicable to a desktop computer.

[0063] Gemstone application 120 may be a web-based program, a software application, or a mobile application, e.g. an iPhone™ application, Android™ application.

[0064] As shown in Fig. 8, the gemstone application 120 may include a video link 172 configured to direct the user to videos clips, a game link 174 configured to direct the user to an entertainment area, e.g. daily lucky draw, and an events link 176 configured to direct the user to an event calendar. Fig. 9 shows a video page comprising a plurality of video clips. User may be directed to the video page by clicking on the video link 172. Fig. 10 shows a entertainment page comprising a game, e.g. lucky draw game. Users may be directed to the entertainment page by clicking the entertainment link 174. Fig. 11 shows an events page comprising a game, e.g. lucky draw game. Users may be directed to the entertainment page by clicking the entertainment link 176.

Claims

1. A method for providing a single indicative price data of a gemstone in a gemstone inventory database, the method comprising: receiving a gemstone specification from a user; identifying an inventory gemstone record in the gemstone inventory database based on the gemstone specification; retrieving a inventory gemstone price data in the inventory gemstone record from the gemstone inventory database, wherein the inventory gemstone price data is used as the single indicative price data; and providing the single indicative price data to the user.

2. A method of claim 1, further comprising providing a purchase input interface configured to allow the user to input a purchase instruction to purchase the gemstone based on the single indicative price data.

3. A method of claim 2 or 3, further comprising providing a first user interface configured to receive the gemstone specification from the user.

4. A method of any one of claims 1 to 3, further comprising providing a search request interface configured to receive user instruction to search the gemstone inventory database using the gemstone specification.

5. A method of any one of claims 1 to 4, further comprising searching the gemstone inventory database for the gemstone having the gemstone specification.

6. A method of any one of claims 1 to 5, wherein providing the single indicative price data comprises displaying the single indicative price data on a display screen.

7. A method of any one of claims 1 to 6, further comprising calculating the price data for a pair of gemstones based on the single indicative price data of the gemstone.

8. A method of claim 7, further comprising providing the user the price data for the pair of gemstones based on the single indicative price data of the gemstone.

9. A method of any one of claims 1 to 8, further comprising calculating the price data for a pair of earrings based on the price data of the pair of gemstones or the single indicative price data.

10. A method of claim 9, further comprising providing the user the price data of a pair of earrings.

11. A method of any one of claims 1 to 10, further comprising receiving the user input on a preferred transaction currency.

12. A method of claim 11, further comprising detecting the location of the user and selecting the preferred transaction currency based on the location of the user.

13. A method of any one of claims 1 to 12, further comprising providing an indicative certified price data of the gemstone.

14. A method of any one of claims 1 to 13, further comprising providing an alternative gemstone record having another gemstone specification from the gemstone inventory database when the gemstone record is not found in the gemstone inventory database.

15. A method of any one of claims 1 to 14, wherein the gemstone specification comprises carat, clarity and colour of the gemstone.

16. A method of any one of claims 1 to 15, wherein the gemstone specification further comprises cut of the gemstone.

17. A method of any one of claims 1 to 16, wherein the gemstone specification further comprises shape of gemstone.

18. A system configured to provide a single indicative price data of a gemstone in a gemstone inventory database, the system comprising: a first user interface configured to receive a gemstone specification from a user; an identification module configured to identify an inventory gemstone record in the gemstone inventory database based on the gemstone specification; a retrieval module configured to retrieve an inventory gemstone price data in the inventory gemstone record from the gemstone inventory database, wherein the inventory gemstone price data is used as the single indicative price data to be provided to the user.

19. The system of claim 18, further comprising a purchase input interface configured to allow the user to input a purchase instruction to purchase the gemstone based on the single indicative price data.

20. The system of claim 18 or 19, further comprising a first user interface configured to receive the gemstone specification from the user.

21. The system of any one of claims 18 to 20, further comprising a search request interface configured to receive user instruction to search the gemstone inventory database using the gemstone specification.

22. The system of any one of claims 18 to 21, further comprising a location detection module configured to detect the location of the user, wherein a preferred transaction currency is selected based on the location of the user.

23. The system of any one of claims 18 to 22, wherein the gemstone specification comprises carat, clarity and colour of the gemstone.

24. The system of any one of claims 18 to 23, wherein the gemstone specification further comprises cut of the gemstone.

25. The system of any one of claims 18 to 24, wherein the gemstone specification further comprises shape of gemstone.