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Analysis: Crypto Firms Betting on Diamonds
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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,”...
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Technology
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Dec 11, 2018
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Avi Krawitz
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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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KGK Group Acquires Stake in Unique Settings
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India’s KGK Group has bought a stake in Unique Settings, theNew York-based retailer said last week. The two companies announced the partnership at the JCK LasVegas show, noting that Unique Settings’ just-in-time services...
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Retail
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Jun 07, 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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Putin Inaugurates Cutting Factory in Eastern Russia
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India-based KGK Group has launched a diamond-cuttingfacility in Vladivostok in the presence of Russian President Vladimir Putin. The company is spending about $48 million (RUB 2.8 billion)on the factory, where it has the capacity to manufacture 150,000...
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Manufacturing
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Sep 17, 2017
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Rapaport News
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KGK to Open Entice Jewelry Store in Mumbai
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KGK Group is opening its Entice jewelry outlet in Borivali, a western suburb of Mumbai on Saturday. The store will display exquisite jewelry reflecting the latest international designs, crafted with diamonds and colored stones.The new...
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Retail
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Oct 19, 2012
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Dilipp S Nag
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