Epik Escrow
James Iles

Gem.com Moves Into Escrow in a Deal Likely Worth 7 Figures

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By James Iles, Feb 28, 2019
  1. James Iles

    James Iles NamePros Writer PRO Gold Account VIP Trusted Blogger

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    The domain name Gem.com has moved into Escrow.com's holding account today, signaling that a deal involving this three-letter .COM domain has been agreed. Registered in 1992, Gem.com has been owned by the Roglenn Inc since at least the late 1990s, based on archival copies of the domain's website.

    Roglenn, who used the name Gemini Facilities Core Group, developed Gem.com to display their corporate website, but the name has sat idle for the last few years.

    This valuable three-letter .COM will likely have received much interest, but the owner has now opted to enter into a deal involving this name. According to a source, the sale of Gem.com has been agreed, and it is a seven-figure fee being paid in installments across several years. The parties involved are using Escrow.com to manage the transaction.

    At the time of writing, Gem.com is not forwarding to any website, but its new owners may put the name to use soon. The identity of the new owner is currently unknown, so we can only speculate at this point.

    A potential buyer for this name would be Gem, a cryptocurrency brand that has raised over $20 million in funding since 2014. This company operates on the Gem.co domain name, so an upgrade would be logical.
     
    Last edited: Feb 28, 2019
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  4. James Iles

    About The Author — James Iles

    Writer for NamePros.com. For all inquiries relating to stories and interviews, please email: [email protected]

    This is James Iles's 627th blog post on NamePros. View all blog posts

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  5. Comments (22)

  6. Rory Ivey

    Rory Ivey Top Member VIP

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  7. FolioTeam

    FolioTeam Established Member

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    Thanks for sharing
     
  8. Kemal G

    Kemal G Business Developer at dofo.com Gold Account

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    Thanks.
    I wonder who the new owner of this great domain name is. Your speculation makes sense.
     
  9. dande

    dande Established Member

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    Monster Domain
     
  10. ak4586

    ak4586 Established Member

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  11. GotJewels

    GotJewels New Member

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  12. Dave

    Dave Top Member VIP ★★★★★★★★★★

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  13. Bonsu

    Bonsu Established Member

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    Great name
     
  14. Fancy.domains

    Fancy.domains Selling gTLDs like delicious hotcakes Gold Account VIP

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    Wow!

    Thanks for the update. It will be very interesting to see how much this will go for in total. If that ever will be disclosed.
     
  15. dafdaf

    dafdaf Established Member

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    Glad to hear of this deal, especially since I own FindThatGem.com. :xf.wink:
     
  16. Toptrade

    Toptrade Established Member

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  17. roger821

    roger821 Restricted

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  18. hussainladak

    hussainladak Established Member

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    Nice brandable name
     
  19. roger821

    roger821 Restricted

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    gem has 32 million results on google. I think its a little more than brandable. It is a word.
     
  20. Daniel Owens

    Daniel Owens Upgraded Member Gold Account VIP

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    I must say that is a 'gem' of a domain name it is easily worth $10,000,000 you I think seller is selling himself a bit short anything below 10 million is re-seller pricing and someone buying it to flip it.
     
  21. johnnie018

    johnnie018 Restricted

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    It is worth no less than 100 MILLION DOLLARS
     
  22. roger821

    roger821 Restricted

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    Wrong. It is worth 6.5 million. If you want 10 million, you will have to wait awile.
     
  23. roger821

    roger821 Restricted

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    Either that or find a rich idiot.
     
  24. Windoms

    Windoms Established Member

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    4-7 million is fair.
    2 is cheap.
    10 is expensive.
     
  25. dande

    dande Established Member

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    I would prefer $2million paid in once to 5million spread over 10yrs
     
  26. Domyboy

    Domyboy Upgraded Member Gold Account

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    Awesome short Name
     
  27. edword1

    edword1 New Member

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    Nice good name...
     
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