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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
Israel 150
Israel Bourse Ends Cryptocurrency Deal
The Israel Diamond Exchange (IDE) has terminated itspartnership with Carats.io because the cryptocurrency company did not haveregulatory approval, both organizations told Rapaport News. The IDE has required Carats.io to cease all...
Technology Jun 26, 2018 Joshua Freedman
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
D1 Mint 150
Crypto-Coin Company Acquires $20M in Diamonds
Singapore-based D1 Mint has agreed to buy $20 million worthof diamonds to back its new cryptocurrency coin, the company said last week. The 1,500 investment-grade diamonds were manufactured byHong Kong-headquartered KGK Diamonds, and...
Polished Markets May 28, 2018 Rapaport News
Israel Diamond Week Opens 150
Traders Optimistic at Israel Diamond Week
Sentiment was strong at International Diamond Week in Israelas traders displayed optimism about the market and noted shortages were supporting prices.Visitors observed increased traffic and exhibitor numbersfrom last year, with dealers from...
Polished Markets Feb 08, 2018 Joshua Freedman
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
Fancy color diamonds
World's First Diamond-Backed Cryptocurrency to Launch Jan. 18
The companies behind the world’s firstdiamond-backed cryptocurrency will start selling the digital coinage this month.The asset class used is colored diamonds, which the founders of the PinkCoinclaim have not lost value since...
Technology Jan 11, 2016 Rapaport News
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