Abstract: An identification, tracking and recovery system includes a central database for electronically storing unique and relevant information of a plurality of gemstones to assist with the recovery of lost or stolen gemstones. The information of each gemstone is stored as a gemstone entry in the database which includes the characteristics of the gemstone, a unique identification number inscribed into a surface of the gemstone by a laser, and personal information of the owner of the gemstone. A user interface enables a user to communicate with a processor which stores and retrieves the relevant information from the database in accordance with an algorithm. The user interface may be located remotely from the database which is located at a central headquarters. The processor is capable of cross-referencing the information of the stored gemstone entry to enable retrieval of a gemstone entry based on any known information, such as the diamond identification number and information pertaining to owner of the gemstone.