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RJ Market Watch

Your diamond ring now comes with a resume and passport

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Sparkly stone on your finger

Ever wondered where that sparkly stone on your finger was dug up? Who polished it and where?

The world’s top diamond producer wants to answer all your questions.

Tracking the diamond’s history

Russia’s Alrosa PJSC is rolling out a programme that will allow jewellery buyers to track their diamond’s history in detail, using an identity number and electronic and video passports, as part of efforts to boost demand for the company’s products and appeal to younger customers.

Authenticity of the stones

Alrosa has selected an initial 2,000 polished diamonds for the programme.

Diamond miners and retailers around the world are trying to develop new ways to reassure consumers that the stones they sell are free from many of the negative associations that have haunted the industry for so long.

Blockchain system to track diamonds

Last year, De Beers unveiled a blockchain system to track diamonds through their long and obscure journey from mine to jewellery shop.

Provenance of diamonds

Tiffany & Co. said earlier this year it will begin sharing the provenance of its diamonds with consumers in an effort to be more transparent, saying the region or country of origin will be displayed alongside a selection of diamond rings it sells.

Courtesy: Economic Times
Image Courtesy: ECONOMICTIMES.COM
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