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US 2014/0279337 A1Published application
Systems and methods for bundling diamonds into valued groupings
AssigneeThe Rapaport 2012 Family Trust
InventorMartin Rapaport
Life of this patent
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Abstract
This disclosure relates to systems for bundling diamonds and determining a relative value of the diamonds within the bundle and the value of the bundle. Also described are methods for using the determined relative diamond values in diamond transactions and contracts.
Claims20
A computer-implemented method for bundling diamonds into valued groupings, comprising:
- accessing market data for available diamond types in the universe of diamonds, wherein the market data includes at least one market price for each diamond type;
- selecting and obtaining, from the market data, market prices for diamond types in a diamond bundle;
- analyzing the obtained market prices for each diamond type in the bundle;
- assigning a price to each diamond type in the bundle based on the analyzed market prices;
- determining a reference diamond type from the universe of diamonds;
- assigning a price for the reference diamond;
- assigning a number of points to each diamond type in the bundle based on their price, relative to the reference diamond price;
- storing in a memory, the diamond types in the diamond bundle and the point values for each diamond type;
- and
- displaying on a display the point value for each diamond type in the diamond bundle.
7 more elements
A system for bundling diamonds into valued groupings, comprising:
- a processor that executes a program for performing a method;
- means for sending and receiving data;
- memory for storing the results of the method;
- and
- a display for displaying the results of a method, wherein the system:
- accesses market data for available diamond types in the universe of diamonds, wherein the market data includes at least one market price for each diamond type;
- selects and obtains, from the market data, market prices for diamond types in a diamond bundle;
- analyzes the obtained market prices for each diamond type in the bundle;
- assigns a price to each diamond type in the bundle based on the analyzed market prices;
- determines a reference diamond type from the universe of diamonds;
- assigns a price for the reference diamond;
- assigns a number of points to each diamond type in the bundle based on their assigned price, relative to that of the reference diamond;
- stores in a memory, the diamond types in the diamond bundle and the point values for each diamond type;
- and
- displays on a display the point value for each diamond type in the diamond bundle.
12 more elements
Dependencies are inferred from the claim text.