Hilco Streambank Seeks Offer to Acquire Diamond Software Platform; Proprietary System Allows User to Calculate

Hilco Streambank (www.HilcoStreambank.com) announced that it is seeking offers to acquire a proprietary software platform featuring a diamond cut score calculator and jewelry configurator utilized by a jewelry e-commerce retailer. The available assets include software code for the unique “Cut Score Calculator,” Jewelry Configurator, Web Inventory Scraper, e-commerce applications, and administrator dashboards; documentation cataloguing the development of the software; and additional assets.

Offers to acquire the software platform and related assets are due by December 6, 2022, and an auction will be held on December 8, 2022.

“This software puts gem selection and jewelry design in the hands of the customers,” commented Hilco Streambank CEO, Gabe Fried. He continued, “More and more people are buying their diamonds and luxury jewelry online. These tools make the experience user friendly so that customers can get all the advantages of the in-store experience online.  The Cut Score Calculator allows customers to compare diamonds with varying attributes, and the Jewelry Configurator allows them to design their own product in 3D. The software platform is sure to attract attention from jewelry ecommerce retailers and those seeking to enhance the customer experience of purchasing jewelry online.”

The software supported the business of Enchanted Diamonds which, at its peak, generated more than $12 million in annual sales.

The sale is being conducted by Salvatore LaMonica, Esq., solely in his capacity as the Chapter 7 Trustee of the bankruptcy estate of Online Diamonds International Corp. (d/b/a Enchanted Diamonds) and is subject to approval of the Bankruptcy Court for the Southern District of New York.

About Hilco Streambank: Hilco Streambank is a market leading advisory firm specializing in intellectual property disposition and valuation. Having completed numerous transactions including sales in publicly reported Chapter 7 and 11 bankruptcy cases, private transactions, and online sales through IPv4.Global, Hilco Streambank has established itself as the premier intermediary in the consumer brand, internet, and telecom communities. Hilco Streambank is part of Northbrook, Illinois based Hilco Global, the world’s leading authority on maximizing the value of business assets by delivering valuation, monetization and advisory solutions to an international marketplace. Hilco Global operates more than twenty specialized business units offering services that include asset valuation and appraisal, retail and industrial inventory acquisition and disposition, real estate and strategic capital equity investments.

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