Last weekend I was invited to meet Matt Lauzon and Brian Kalma from Gemvara. The session was held during a tech meeting in the developing downtown Las Vegas area. Not surprising, I (V-By) was the only jewelry related business that attended. As a long time member of the jewelry community and a person who is very aware of the "online" competition that Gemvara presents, this was a great opportunity for me (and now you) to see where these guys are coming from.
In case you haven't heard of Gemvara or been to their site. Here it is, check it out!
Gemvara website
I've been following their movement over the past 2 years and notice that they have a very beautiful and comprehensive site. They are not targeting the bridal business and seem to be quite different than Blue Nile. (Website below)
Blue Nile site
Having heard that neither of them come from the jewelry industry, I was pleasantly surprised at both of their humble, laid-back, NOT type A personalities. (In fact, I was the most type A person in the room!) Matt was polite, enthusiastic and aware of my efforts to engage the jewelry industry in using more technology to grow business. I found that even though they weren't from our industry, their knowledge of technology and what it offers has given them a major leg up on what jewelry means to the masses. This understanding and Brians clear capabilities with the over all use of technology really makes them a force to be reckoned with! Both of these men are on a mission to grow business where they are: Online. They are clever enough to hire knowledgable industry experts to design what is needed to capture their fast growing customer base.
After speaking with Matt I learned that originally he wanted to work with the retail jewelers. He was genuinely interested in collaborating and aligning his youthful and technological visions with our industry. It did not work out that way, however, because he found that the retail industry wasn't up for using his technology. So, 2+ years ago Matt moved Gemvara onto it's own platform and began designing his site for the consumer alone.
Their growth has been strong and steady. You can just look at their "likes" and "followers" to see that! Both Matt and Brian have plans to grow and expand what they already have in place. And why shouldn't they?
This information does not have to paralyze us. Instead, we as an industry need to focus on what we are and what we do best. In my opinion...that is service and personalized expertise. I think that what Gemvara is up to should be complimented and challenged at the same time. You can bet I'll keep one eye on Matt's growth because it'll definitly be worth it!