Today De Beers Group announced that is has tracked 100 high-value diamonds in their blockchain pilot. This is the first time a diamond has been digitally traced from mine to retail. The diamond company first announced the blockchain in December last year.
The focus on the pilot is on large stones, and hence De Beers worked with five leading diamond manufacturers with experience in this area: Diacore, Diarough, KGK Group, Rosy Blue NV and Venus Jewel. The blockchain platform is called Tracr.
Sevantilal Shah, Chairman of Venus Jewel, said: “Venus Jewel is proud to be one of the first partners in Tracr. Proof of provenance is a key part of Venus’ promise to its customers, and Tracr will be an integral part of that promise.”
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