GJ Town India

De Beers-sourced diamonds over 0.5 carats in polished size   De Beers Group announced it will provide data on country of origin for all De Beers-sourced rough diamonds above 1.25 carats that are newly registered on the Tracr platform, the world’s leading digital platform for tracing natural diamonds from source at scale.   From the start of 2025, this will be extended to rough diamonds above 1 carat in size (equivalent to approximately 0.5 carats and above in polished form), thereby aligning with the size threshold for new diamond import requirements for G7 countries. For the first time, this will enable diamond jewellery consumers at scale to engage with the unique journeys their diamonds have taken from source. The inclusion of specific origin data reinforces De Beers' commitment to transparency, ethical sourcing and consumer confidence as it continues to deliver on its Origins strategy.  The announcement was made at a Spotlight on Diamonds event hosted in Paris and attended by a

  Much needed traceability for diamond supply chain!   In the recently published DMCC’s report, The Future of Trade, Provenance, Traceability and Technology said, the diamond industry faces significant challenges, including changing consumer behaviour, the rise of Lab Grown Diamonds (LGD) and the G7 import restrictions. At this critical time there is a need for advanced traceability solutions to maintain the integrity and sustainability of the diamond supply chain.   Events such as DMCC’s Provenance, Traceability and Technology Forum, hosted alongside Original Luxury  in May 2024, have successfully gathered hundreds of the world’s leading diamond industry stakeholders to Dubai to discuss the main challenges linked to advancing traceability solutions in the diamond industry. The forum proved that while significant progress has been made, key challenges remain in ensuring transparency, combatting the trade of conflict diamonds, and adhering to evolving regulatory requirements. This

DMCC’s report on diamond, emphasises traceability & transparency  DMCC has released its latest Future of Trade report, a special edition focused on advancing traceability in the global diamond supply chain. The report outlines six key recommendations! Industry must set its own standards: Industry must preserve the ability to set its own standards when it comes to traceability by setting up a task force of industry experts, the “Expert Group on Traceability and Transparency”, to outline recommendations of minimum viable levels of traceability and transparency by March 2025.  Develop an interactive ledger: Industry must maintain a comprehensive register of available technologies, detailing their capabilities, limitations, unique features and areas of technological and economic viability. Promote a technology-agnostic approach: To fully embrace digital innovation, it is important to maintain a “technology-agnostic” approach to safeguard the dynamic nature of traceability technologies.

Needed readiness next phase of G7 diamond import   With the expansion of G7 import restrictions on Russian diamonds on 1 September, De Beers Group is fully prepared to meet the requirements that now extend to diamonds of 0.5 carats and above.    De Beers’ proprietary Best Practice Principles and Pipeline Integrity standards have long provided assurance on the provenance of its diamonds. With these programmes, De Beers’ rough diamond customers will continue to be able to provide evidence of diamond provenance as the size threshold included in the G7 import restrictions reduces from 1 carat to 0.5 carats.  De Beers welcomes the moves that the G7 has made to work with industry and diamond producing countries, with an extension of the sunrise period, a focus on the end goal of traceability and the implementation of a practical approach for ‘grandfathered’ diamonds purchased before the introduction of restrictions on Russian supply.    De Beers is committed to diamond traceability,

Organised from 3rd to 5th October Gem & Jewellery industry pledges to enhance Trust, Transparency, Sustainability, Traceability & Responsible Sourcing thru’ self-regulation The World Jewellery Confederation (CIBJO) held its annual Congress for the first time in Jaipur at Fairmont, Jaipur. The Congress is being organised from 3rd to 5th October. Pre-Congress meetings were held on 1st and 2nd October. The 2023 Congress is being hosted by the Gem & Jewellery Export Promotion Council (GJEPC) and the National Gem & Jewellery Council of India (NGJCI) supported by Ministry of Commerce and Industry and MSME Ministry, Govt. of India. The inaugural session was graced by Piyush Goyal, Union Minister of Commerce & Industry, Government of India, (shared a virtual message); Gaetano Cavalieri, President, CIBJO; Vipul Shah, Chairman, GJEPC; Pramod Kumar Agarwal, Vice President, India, CIBJO and Chairman, NGJCI; R. Arulanandan, Director, Department of Commerce, Govt. of India; Ferie

Aura Blockchain Consortium partner Sarine   Sarine Technologies Ltd announce that the Aura Blockchain Consortium, founded by LVMH, Prada Group, Cartier, part of Richemont, and OTB Group, has chosen to partner with Sarine in relation to Sarine’s Diamond Journey traceability solution and data for the Aura Blockchain Consortium platform.   Through this one-of-a-kind partnership for diamond traceability, the multi-stakeholder Consortium is laying out the very first foundations for best-in-class product traceability standards from raw material to finished product applied in the luxury sector.   Sarine has been selected by the Aura Blockchain Consortium to provide full diamond traceability across the entire supply chain, from extraction to polishing and setting. Sarine’s traceability solution is based on data independently and automatically generated by its IOT enabled systems being used throughout the pipeline by many of the industry's leading producers and midstream polishers, wi

Tied to bring greater transparency and Provenance to online diamond purchasing!   Blockchain and IoT technologies enable tracking of the entire d iamond life cycle to improve customer confidence in jewelry   Everledger, an independent technology company that enables traceability and provenance to high value goods, has partnered with Rare Carat, America's #1 source of unbiased diamond advice for over $200 million of diamond sales annually, to deliver greater transparency and sustainability information on the diamonds in its marketplace.   Using the newest version of Everledger’s leading blockchain platform, Rare Carat customers will now be able to search for and purchase diamonds that have been tracked from mining, through manufacturing all the way to sale. This ensures that the diamond being purchased is conflict-free and has been sourced in  a sustainable manner.  The Everledger platform specifically aids demand generation for retailers searching for diamonds based on thei

Collaboration on the end-to-end blockchain traceability platform for the diamond industry Tracr, the end-to-end diamond industry blockchain traceability platform being developed by De Beers Group in collaboration with industry stakeholders, is pleased to announce that Alrosa has joined the platform’s pilot programme. Alrosa will join industry leaders from the diamond manufacturing and retail sectors in creating the blockchain platform by the industry, for the industry.   Following the announcement of the Tracr pilot earlier this year, Alrosa’s involvement brings the world’s two largest diamond producers together to provide enhanced assurance for consumers and trade participants about the provenance and authenticity of their diamonds, and in creating a digital foundation for new services that can only be developed on an end-to-end platform. Bruce Cleaver, CEO, De Beers Group, said: “To provide true traceability, diamonds must be tracked from their point of production