During its Q3 call, CEO Efraim Grinberg discussed the deal to lower tariffs on Swiss-made watches, watch market trends, and more.
Gemvision to stop production of milling machine
Gemvision is retiring its Revo540 Milling System as the company aims to deliver the most relevant tools and services to the jewelry industry in an ever-changing market, Gemvision said.
Davenport, Iowa--Gemvision is retiring its Revo540 Milling System as the company aims to deliver the most relevant tools and services to the jewelry industry in an ever-changing market, Gemvision said.
The company said that while it believes that the machine’s integration into existing manufacturing processes and low-cost consumables is still a good “turnkey” solution for jewelry manufacturers, it wants to stay focused on providing the most value to its clients.
Gemvision would not provide specifics about future development plans, saying only that they are attentive to the requests of clients and are focused on anticipating future needs.
“When we look to the future, we have to focus on tools and services that make the retail jeweler the hero,” said Jeff High, president of Gemvision and chief merchandising officer of Stuller.
“We will be concentrating Gemvision’s design and development efforts on providing tools and services that create a unique customer experience for retailers around the world. This allows jewelers to focus on their own businesses and customers, while letting Gemvision focus on what that same customer will demand next year, five years from now, and beyond.”
Gemvision said that it will continue to offer warranties, support, and training on all Revo540 products, with a support team available for phone calls, to assist with tool path creation, and to offer training classes from basic to advanced levels.
Founded more than 20 years ago by a retail jeweler, Gemvision is based in Davenport and creates CAD/CAM products for the jewelry industry.
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