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The International Gemological Institute (IGI) has partnered with GET Diamonds and digital identity provider YourProof.id to launch blockchain-based digital diamond certificates worldwide.
The digital certificates, described as an upgrade to traditional paper grading reports, can be requested alongside new natural diamond grading certificates or audit reports. IGI is also offering clients the option to digitise existing certificates.
Built on the Ethereum blockchain, the certificates use smart contracts to create a secure, tamper-proof digital record linked to each physical diamond.
The records include details of quality, provenance and ownership history, and are designed to give jewellers and consumers greater confidence in diamond authenticity.
Tehmasp Printer, IGI global chief executive, said: “By leveraging blockchain, we are not only ensuring transparency and trust but also future-proofing the diamond trade. This initiative aligns with our vision of empowering both jewellers and consumers with technology-driven solutions that enhance confidence in every diamond purchase.”
Tim Goodman, chief executive of GET Diamonds, added: “By digitising the certificate and anchoring it on the blockchain, we ensure that ownership records and gem characteristics are preserved forever. It only takes a minute to set up a digital wallet, and at a very affordable price, making secure provenance accessible to all.
“Consumers globally are demanding more transparency and authenticity in their purchases. By launching globally, starting from Mumbai, IGI is empowering jewellers and consumers to protect the value of their diamonds at a time when trust in the category is more important than ever.”
