GemTradeNet.com Introduces Online Gems & Jewelry Auctions

In 2007, GemTradeNet.com has taken its innovation and technological ingenuity to new heights. Having already earned the unique distinction of being a pioneer of the online B2B Gems and Jewelry marketplace, GemTradeNet.com is constantly striving to introduce new features and tools to streamline buying and selling. It is with this vision and mission GemTradeNet.com has launched the Auctions category.

Online gem and jewelry auctions are a very popular way of selling over the Internet. Sellers can add items to the auction listings by choosing a starting bid price, a reserve price and a Buy it Now price. All auction listings are featured in the main category pages, as well as in the Auctions section. Buyers view the details and can enter their bids to participate in the auction. Sellers can choose the number of days they wish to run the auction, and also schedule it for a particular date and time.

Also added in 2007 are the new look product listing and product detail pages. The real time search function allows buyers to easily find the exact gemstones, diamonds or jewelry items they need. Seller information together with the product details and three high quality images make up the product details page. The seller can also add his selling policies, which are then displayed for each individual listing. Registration for Buyers and Sellers is free, and GemTradeNet.com offers sellers a sliding transaction fee scale ranging from as low as 1.50% to 4.50%. To enhance the buying and selling experience comes the modified "My Account" which serves as the command and control centre for all buyers and sellers. They can manage their sales and purchases, edit their product listings and also respond to messages from potential buyers, all from within their member account on GemTradeNet.com.

All these new features were launched during the recently concluded Bangkok Gems and Jewelry Fair held at Bangkok, Thailand from the 28th of Feb to the 4th of March 2007.

Mr.Anil Oberoi, CEO of GemTradeNet.com remarked, "We have constantly tried to understand the point of view put forward by Gemstone and Jewelry buyers & sellers, and as a result we have introduced new features and tools. The feedback we have been receiving has enabled us to offer better solutions which are user friendly and cater to the specific needs of the Gemstone and Jewelry industry. In the future we are looking towards offering members more advanced tools and solutions which will assist them to run their online campaigns on GemTradeNet.com much more effectively."

Currently on GemTradeNet.com there are more than 500 registered members from the Gems and Jewelry Trade. The product sections for Gemstones, Diamonds and Jewelry feature a sizable collection of high quality products and more are being added each day. Buyers worldwide can access and view the product listings online at GemTradeNet.com.Contacting sellers for product enquiries and buying products can all be done with a few clicks. GemTradeNet.com is playing a vital role in revolutionizing the Gems and Jewelry Industry.