Palmieri Group acquires business, assets of Gemprint®

In a cash purchase deal, the Palmieri Group, founder and owner of GCAL (Gem Certification & Assurance Lab, Inc.), has acquired business and assets of Gemprint®, the world’s most sophisticated, non-invasive diamond identification and registration system. The acquisition includes Gemprints’ worldwide patents, trademarks, copyrights, developmental prototypes, advanced software, databases (1978 – 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 across its operations in Botswana, Canada, China, India, Israel, and the U.S. to audit and support country of origin authenticity of diamonds, and all its graded diamonds are Gemprinted and stored in the DiamondID® International Database.

Angelo W. Palmieri, MBA, President of Gemprint®, will handle and coordinate all Gemprint® sales, service, and contractual agreements and integrate the new Gemprint® technology into the 33 year old international Gemprint® 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 Angelo Palmieri.