De Grisogono Finds a Gem of an Inventory Management Solution with Solid and TAGSYS' Item-Level RFID Jewelry Application

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Item level track and trace technology minimizes threat of theft, loss and counterfeiting of luxury accessories.

TAGSYS, the global leader in item-level RFID infrastructure, announced today that Geneva-based watchmaking and jewelry company de GRISOGONO has adopted the company’s RFID track and trace solution for inventory management across its stores worldwide. Under the terms of the rollout, the luxury retailer will utilize TAGSYS’ Reliable, Accurate and Secure (R.A.S.) High-Frequency RFID readers and tags in its efforts to reduce theft and minimize loss of its valuable jewels and watches. The project begins immediately in the company’s Paris and Geneva branches, with future deployments in the company’s European, Asia-Pacific and North American outposts, expected at the rate of one store every two months.

De GRISOGONO initially considered the use of traditional bar codes as a means to track individual items, such as gems, from its distribution center through the shipment process to the retail shop. However, the threat of theft or loss of assets required the deployment of a near errorless tracking technology. By leveraging the tagging capabilities of TAGSYS’ RFID jewelry application, developed in conjunction with system integrator SOLID, the accessories company has enabled a real-time RFID-based detection system that monitors stock location at any point in the supply chain.

“As a principle retailer of luxury watches and jewelry, we are extremely concerned by the threat of theft or loss of our assets,” said M. Laurent Debief, CFO of de GRISOGONO. “When it came to selecting an end-to end RFID application provider to help us streamline our inventory, SOLID and TAGSYS’ track record for providing accurate and reliable read rates was a huge selling point. By deploying this unique RFID jewelry application across our network of shops, we are better able to manage our inventory down to the item-level by giving us complete visibility of our products from the headquarters to the shop floor.”

The application consists of TAGSYS’ ARIO70-SM High-Frequency RFID tags which are affixed to individual jewels. The items are tracked and registered using RFID each time they are moved to a safe or consignment. By placing the trays with the tagged jewels on the customized TAGSYS reading station, featuring TAGSYS’ Medio™ L100 reader and Aero LC antenna, the tagged items are immediately and automatically read. This replaces the time consuming and often error-prone process of manually reading each item and data entry. Software from SOLID provides inventory information from the scanned tags to a central database housed at de GRISOGONO’s headquarters.

“When it came to developing the first jewelry-specific RFID application for the retail market we knew that our success weighed heavily on our ability to provide customers like de GRISOGONO with the most accurate, reliable and secure track and trace technology available,“ said Yves Alimi, CEO of SOLID Solutions en Identification S.A.. “TAGSYS’ impressive history of successfully deploying item-level tagging solutions in specific vertical markets and their R.A.S. approach made them our preferred partner.”

“TAGSYS has built much of its success on delivering high-quality RFID infrastructure that enables the seamless tracking and tracing of valuable assets at the item-level,” said Elie Simon, CEO, TAGSYS. “Through our partnership with Solid, it was our intention to develop an RFID application for the jewelry industry that will provide customers with the virtually 100% readability and the security they require. In de GRISOGONO’s case, accurate and reliable read-rates cannot be compromised when the management of highly priced assets is involved.”

About TAGSYS

TAGSYS is the global leader in item-level RFID infrastructure. TAGSYS RFID provides RFID systems and tags for end-to-end item-level tracking that automates labor-intensive processes, authenticates and safeguards goods, and enables real-time inventory and asset visibility. With a proven track record of delivering Reliable, Accurate and Secure (R.A.S.) RFID systems and tags, TAGSYS has deployed over 50 million tags and 50,000 reader systems to over 500 customers in more than 40 countries. TAGSYS RFID solutions are currently being deployed in a range of highly specialized vertical markets that include pharmaceutical, fashion apparel, libraries, and textile rental. The company is headquartered in France’s Smart Valley with offices in the USA (Doylestown, Pennsylvania) and Asia (Hong Kong). More information on TAGSYS can be found at http://www.tagsysrfid.com.

About SOLID

Solid Solutions en identification SA is a Swiss company offering complete support and turnkey solutions around "Automatic Identification Technologies" to companies who wish to improve their traceability and the quality of their process.

Among several accomplishments, Solid has developed an RFid decoder which will give the unique ability to simultaneously Read/Write to/from an RFID tag, Read a barcode, Print a label, Control I/O port, and offers the capability to communicate directly with any upper applications such as SAP, Oracle and many others.

The company is headquartered in Geneva Switzerland, and has a partner certified network all around the globe. More information on Solid can be found at http://www.solid.ch

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Michael Chin

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