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De Beers Aims for Full Traceability by 2030
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De Beers has pledged to provide the origin and impact of all its diamonds by 2030 as part of a plethora of sustainability goals it has set out for the coming decade.By 2025, it will “scale” programs that help identify...
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Retail
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Nov 30, 2020
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Rapaport News
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De Beers Buys Petra Blue Diamonds for $40M
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De Beers has purchased five rough blue diamonds from Petra Diamonds for more than $40 million in partnership with one of its sightholders.The miner bought the Letlapa Tala collection together with South African...
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Mining
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Nov 25, 2020
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Rapaport News
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Tracr Aiming to Be More Than a Blockchain
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As a tech guy, Jim Duffy spends much of his time on the road explaining technical terms in a way laymen can understand. He has his work cut out for him as CEO of Tracr, De Beers’ blockchain project — especially...
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Polished Markets
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Sep 04, 2019
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Avi Krawitz
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De Beers Opening Blockchain to Industry
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De Beers has launched an online resource for sharing information and tools that will help members of the trade join its blockchain program. The Tracr Community will provide participants with educational materials and...
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Technology
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Jun 02, 2019
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Rapaport News
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De Beers Expands GemFair Project
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De Beers is broadening a pilot project aimed at creating a secure and transparent route to market for artisanally mined diamonds with ethical sourcing. The miner introduced GemFair in April 2018 in Sierra Leone, whereit worked with 16 mine...
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Mining
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Apr 28, 2019
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Rapaport News
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Higher Costs Hit De Beers Profit
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De Beers’ earnings fell in 2018 due to the costs of new initiatives such asits Lightbox synthetics business.Underlying earnings slid 34% to $349 million, as capital expenditure rose 53% to $417 million for the year, the company...
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Mining
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Feb 21, 2019
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Rapaport News
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Gübelin Testing Nano-Tracking for Diamonds
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Gübelin Gem Lab is studying how it can place microscopiclabels on diamonds to track them through the supply chain. The Swiss institute launched its Emerald Paternity Test in2017, applying invisible nanoparticles to rough stones to enable...
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Technology
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Feb 13, 2019
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Joshua Freedman
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Chow Tai Fook Joins De Beers Blockchain
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De Beers has expanded its blockchain initiative into theAsian retail sector by signing up Chow Tai Fook, the largest diamond jeweler inthe region. Chow Tai Fook’s participation will enable De Beers to extendthe reach of the...
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Technology
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Dec 19, 2018
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Rapaport News
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Alrosa Joins De Beers Blockchain
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De Beers has signed up Alrosa to its blockchain pilot, bringingthe world’s two largest diamond producers together for the source-verificationproject. “We believe tracing requires industry cooperation andcomplementation for the sake of a common goal,” Alrosa...
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Technology
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Oct 29, 2018
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Rapaport News
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De Beers Hires Tech Exec to Lead Blockchain
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Tracr,De Beers’ blockchain platform, has appointed technology executive Jim Duffy to runthe next phase of the project’s development. Duffy (pictured) joins Tracr as general manager just as the platform is starting to grow inscale, the De Beers...
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Technology
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Aug 16, 2018
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Rapaport News
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Signet Joins De Beers’ Blockchain Trial
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Signet Jewelers will become the first retailer to participate in De Beers’blockchain project for tracking diamonds. The platform, Tracr, which is still in its trial phase, providesa digital link from diamond production to retail. Every diamond...
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Technology
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May 27, 2018
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Rapaport News
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De Beers Tracks 100 Stones on Blockchain
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De Beers has successfully traced the progress of 100 high-valuediamonds from mine to retail using its new blockchain platform. “Tracr” provides diamonds with a unique “Global Diamond ID” thatcontains information such as carat weight, color...
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Technology
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May 10, 2018
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Rapaport News
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