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Friday, 19th May 2006 (5215 views)

A number of jewellery retailers in the Middle East are using radio frequency identification (RFID) systems to monitor each piece of jewellery they have.

The Jewellery Store (TJS) designed the scheme in Dubai and launched its final version in October 2005.

Gabriel Nassar, IT director at TJS, said that the RFID inventory tracking solution is excellent for those jewellers that need to give their banks a daily inventory of the price of the individual pieces – as these fluctuate with the price of gold.

The RFID tracking thus cuts inventory costs for the retailer, while at the same time guarding against theft.

So far Standard Bank, London, is the only financial institution to take part in the scheme, but Mr Nasser says that many others are interested in the technology.

 

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