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The Next Diamond Decade
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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...
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Polished Markets
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Dec 25, 2019
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Avi Krawitz
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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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Birks to Accept Payment in Bitcoin
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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...
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Retail
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Nov 28, 2018
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Rapaport News
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Cryptocurrency Boosts Silicon Valley Jeweler
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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...
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Retail
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Jun 21, 2018
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Leah Meirovich
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De Beers Is the New Kid on the Blockchain
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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...
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Technology
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Feb 15, 2018
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Jennifer Heebner
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Is Bitcoin Good for Diamonds?
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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...
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Financial-Legal
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Nov 08, 2017
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Rachelle Bergstein
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Blockchain Verification Being Tested in Singapore
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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...
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Polished Markets
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Jun 18, 2017
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Rapaport News
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Technology
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Jan 17, 2014
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Verichannel
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