Varvara Dmitrieva: The jewelry industry of Yakutia is distinguished by its creativity, unique cultural code and conservation of traditions

Varvara Dmitrieva, Associate Professor and Head of the Department of Precious Stones and Metals Processing Technologies of the North-Eastern Federal University, told Rough&Polished about the results of the Forum of jewelry Craftsmanship and the prospects...

Yesterday

Valery Budny: There is no strategy and legislation in Russia enabling the full cycle processing of precious raw materials within the country

Valery Budny, Head of the Jewelry Russia program and CEO of the JUNWEX media holding, told Rough&Polished about the results of the meeting and pressing issues in the precious metals and precious stones (PMPS) and the jewelry sectors.

11 april 2024

Paul Zimnisky: Natural diamonds face the risk of eroding their appeal if constantly discounted

New York-based independent diamond and jewellery analyst and consultant Paul Zimnisky told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that the industry should do away with discounts. He said the industry should treat natural diamonds...

01 april 2024

Edahn Golan: Lab-grown diamond prices to continue declining

In an exclusive interview with Rough&Polished's Mathew Nyaungwa, Edahn Golan, proprietor of the eponymous Edahn Golan Diamond Research and Data, predicted that the prices of lab-grown diamonds would continue to decline, especially at the retail and...

25 march 2024

ADPA’s Ellah Muchemwa: G7 restrictions to bring extra costs from diamond mining to retail

The African Diamond Producers Association (ADPA), which has openly registered its disdain for the G7’s rough diamond trade restrictions, is of the opinion that the move will bring extra costs on all stages, from mining to retail. ADPA executive...

18 march 2024

De Beers' Tracr and Sarine collaborate on a diamond traceability solution

11 october 2023

Tracr, a subsidiary of De Beers, has teamed with Sarine Technologies to develop a scalable, cost-effective technology for monitoring diamonds from their source to the point of entry into G7 countries.

The diamond miner said that the solution combines the complementary advantages of the Tracr platform and the Diamond Journey traceability solution from Sarine.

Tracr, the world's first fully distributed diamond blockchain platform that enables registration of rough diamonds at source, and Sarine, the global leader in precision technologies spanning the entire diamond pipeline, will each apply their market-leading skills and capabilities to create a digital ecosystem that enables tracking of diamonds throughout the value chain.

“Diamond provenance assurance is a rapidly growing priority that will affect all parts of the industry, especially with G7 nations set to implement new import restrictions,” said Tracr chief executive Wes Tucker.

The collaboration will utilise Sarine's capacity to provide objective verification of a diamond's path from rough to polished using data that has been published to the Tracr platform and can be independently verified.

The digital platform would then contain a customs site that would be used by G7 and other government officials.

Sarine Technologies chief executive David Block said that the collaboration between Tracr and Sarine will enable the diamond value chain to expeditiously increase the number of diamonds through data-based verifiable traceability, which is an urgent necessity.

“The synergy created by a solution that uses Sarine and Tracr’s complementary capabilities was the natural next step for traceability and transparency in the diamond industry,” he said.

With over 100 million diamonds employing Sarine's systems annually and over 1.5 million rough diamonds currently registered on Tracr at source, the solution is anticipated to have minimal impact on the supply chain.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished