RapNet


Rapaport News

 

Technology

 

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

Hari Krishna Partners with Blockchain Firm

Technology will enhance Indian manufacturer’s provenance program, company says.
May 31, 2018 9:02 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT... Hari Krishna (HK) Group will receive technological backing from blockchain company Everledger for its diamond-provenance program.

Everledger will cryptographically certify HK stones destined for the Indian manufacturer’s “My Diamond Story” brand, letting consumers track a stone’s journey from rough to finished jewelry. The arrangement will enable storage of information about those diamonds on Everledger’s blockchain-based platform, the companies said in a joint statement Thursday.

“Utilizing Everledger’s long-standing diamond blockchain platform can help us to further strengthen our product offering to the industry, and especially the end consumer,” said Ghanshyam Dholakia, HK’s managing director. “We are confident that this major innovative step will be a boost to our jewelry business.”

Everledger, which has been tracing diamonds using a digital ledger since 2015, developed the blockchain the Gemological Institute of America is piloting with retailer Chow Tai Fook. The technology company is also working with Indian manufacturer Dharmanandan Diamonds on a blockchain initiative.

Image: A cutter at Hari Krishna
Tags: Blockchain, Chow Tai Fook, Dharmanandan Diamonds, Everledger, Gemological Institute of America, GIA, Hari Krishna, India, Manufacturing, provenance, Rapaport News, technology
Similar Articles
GGTLLab Creates Tech for Identifying Stolen Stones
Jun 02, 2019
GGTL Laboratories has developed technology that can match a stolen...
De Beers Opening Blockchain to Industry
Lab-Grown Ban Splits Opinion on Facebook
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us