London’s Grand Pacaraima Gold Corp. will begin using RFID tags specifically developed for use in jewelry retail stores to cut inventory management costs and enhances protection from theft.

According to news reports, the jeweler will begin manufacturing unique tags that will be attached to the jewelry items and will track the tagged items’ location in the store or warehouse. Store management will be alerted if the item was moved or was not returned to the shelf. Grand Pacaraima Gold has licensed the technology from an Israel-based group that has created the tags and technology.

“The tags will revolutionize the way the jewelry industry is managing the inventory and supply chain,” said A. Abduladjanov, Chairman of the Board, in a news release. “Because the technology gives you real time access to a detailed inventory count with information about which items are hot sellers, store management can adjust inventory levels or pre-order new inventory in a more efficient way.”