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The Next Diamond Decade
The Next Diamond Decade
It wasn’t that long ago that De Beers declared the 2010s “The Diamond Decade.” Growth in China and India was projected to drive demand, while the US would take small steps out of recession. This is what...
Polished Markets Dec 25, 2019 Avi Krawitz
Bitcoin
Analysis: Crypto Firms Betting on Diamonds
Somewhere between the volatility of cryptocurrencies and thestability of diamond prices lies an opportunity for investors. That is, atleast, what several new initiatives to create diamond-backed crypto-coins arebetting on.In fact, developers of these coins, or “tokens,”...
Technology Dec 11, 2018 Avi Krawitz
Birks Bitcoin
Birks to Accept Payment in Bitcoin
Customers will soon be able to pay in Bitcoin at eight BirksGroup stores in Canada, the retailer said. The jeweler claims to be the first luxury retailer in Canadato accept the cryptocurrency. The service will be available at the end...
Retail Nov 28, 2018 Rapaport News
Stephen Silver 150
Cryptocurrency Boosts Silicon Valley Jeweler
Cryptocurrency transactions have grown to 20% of sales at a California-based retailer in the past year, enhancing the company’s ability to clinch high-value deals, its CEO said.Stephen Silver Fine Jewelry, which implemented the system in 2014, claimsto...
Retail Jun 21, 2018 Leah Meirovich
De Beers Is The New Kid on the Blockchain 150
De Beers Is the New Kid on the Blockchain
Lastmonth, dozens gathered in midtown Manhattan to learn more about De Beers’Diamond Blockchain Initiative — a project that aims to underpin confidence indiamonds by creating permanent records for them. While most know blockchain asthe technology that underlies...
Technology Feb 15, 2018 Jennifer Heebner
Bitcoin
Is Bitcoin Good for Diamonds?
Picture this: You’re helping a customer who is very close tomaking a purchase on a good-quality, high-value diamond. The topic of paymentcomes up, and instead of using Apple Pay or pulling out a recognizable creditcard, this client asks if you’re...
Financial-Legal Nov 08, 2017 Rachelle Bergstein
Blockchain
Blockchain Verification Being Tested in Singapore
The Singapore Diamond Investment Exchange (SDiX) is testing blockchain technology as a way to authenticate ownership of diamonds, noting the methodology could cut costs and improve efficiency in the industry.Blockchain is a public database of transactions that allowsanyone on the...
Polished Markets Jun 18, 2017 Rapaport News
verichannel
Verichannel, Coinapult Bring Bitcoin Services to Jewelry Industry
Press Release: Verichannel, LLC announced today it had entered into an agreement with Coinapult, one of the leaders in Bitcoin payment processing, to bring a broad range of Bitcoin services to retail jewelers. Under the terms of the relationship,...
Technology Jan 17, 2014 Verichannel
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