Live Platforms of Queensland, Australia, is a software company that builds and maintains auction websites for high-end collectibles, from opals to precious and semi-precious gemstones, to jewelry to coins and bullion.
Its five different websites — four of which are global, and one that’s focused exclusively on the Australian market — serve more than 900 miners, gem cutters, jewelers, and collectors who have, to date, sold more than 1.7 million pieces to those seeking their goods.
The concept for the company was sparked 20 years ago when its CEO and founder Wayne Sedawie, was cutting opals on the Australian Gold Coast and came up with the idea of selling them online. Efforts to use sites like eBay didn’t meet Sedawie’s needs, so he decided to create his own digital marketplace for opals, supporting the industry’s move online. In 2004, Opal Auctions was founded, followed soon by Jewelry Auctioned, Coins Auctioned and Gem Rock Auctions in 2007.
“He created a marketplace and brought the industry with him,” says Ross Sedawie, COO of Live Platforms (and Wayne’s nephew.)
The company, a combination of opal miners and tech experts, has a synergistic focus on the success of the many sellers using its platforms, the COO says. “Since we are a marketplace, the first thing we always check is sales. After all, we literally have people's livelihoods that depend on us,” he notes.
Those sales, he says are made to an incredibly wide range of customers from casual buyers to jewelers who use the sites like wholesale websites, to gem cutters looking for precious stones to turn into jewelry and resell.
One overarching concern for the company is having strong marketing through SEO and communications. “Are we getting our message across to the market? Because we are just celebrating selling our 1.7 millionth item. That’s a lot of gems and opals going around the world. Obviously, people do trust us, and they know us. But getting that idea out to the world that we only sell natural gemstones, that we’re a completely safe marketplace, and that our sellers are all vetted.” Ross Sedawie, COO of Live Platforms.
When single sales can be in the tens of thousands of dollars, building that trust is essential. As the company grew, scaling the search and discovery capabilities on its website became a challenge. Originally designed only to help auction and sell opals, the in-house developed search engine running on AWS just “wasn’t cutting it,” Ross says. With five sites now boasting as many as 300,000 individual listed items, it had become too complex, cumbersome, slow, and expensive.
“Then Algolia came along and could do everything we were looking to do and could do it in like 3 milliseconds. Brilliant!”