Current AffairsManufacturers

De Beers successfully tracks first diamonds from mine to retail on blockchain

The platform, called Tracr, is expected to launch later this year and will be open to the industry

The De Beers Group has announced that it has successfully tracked 100 high-value diamonds along the value chain during the pilot of its industry blockchain platform.

An immutable and secure digital trail was created for a selection of rough diamonds mined by De Beers as they moved from the mine, to cutter and polisher, then through to a jeweller,

marking the first time a diamond’s journey has been digitally tracked from mine to retail.

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