Brief history of Gemval

April 2003
A group of professional gemologists and mathematicians started work on the Computerized Gemstone Appraisal System. Initially, we planned to develop a web tool to evaluate natural sapphires. However, after testing dozens of statistical models, we discovered that the statistical approach to sapphire valuation could be applied to almost any gemstone variety. Thus, after a year of compiling data and testing, Gemval.com was conceived.

April 2004
Gemval.com is launched, with 480 registered users during it's first week online!

December 2004
Open Alias Corporation acquires Gemval.

March 2005
Gemval offers a paid subscription service for precious gemstones. Appraisals for most natural gemstone varieties however remain free of charge. Gemval becomes renowned in the web jewelry community.

June 2006
First to market. We start to publish historical value charts and the Gemval Aggregate index (GVA).

November 2007
Gemval appointed as an approved data supplier for the valuation data and pricing indexes for the Market News Service, International Trade Centre UNCTAD/WTO, Geneva.

December 2008
Gemval extends the statistical database. Specific color patterns added to rare gemstone varieties.

January 2011
Gemval develops the color grading system and valuation model for precious opals.

May 2011
Gemval releases Diamonds Valuation service online. The service is reserved for subscribers.

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