De Beers readies technology aimed at eliminating ‘conflict diamonds’
Mining.com reports thatAnglo American’s De Beers, the world’s largest rough diamond producer by value, plans to launch this yearthe first industry-wide blockchain platform, which will enable greater tracking of gems being traded worldwide.
The technology, which De Beersbegan developing last year, allows tracing each diamond buy medications online throughout the entire value chain — from mine to buyer. It would make of the company an industry leader in terms of ensuring both that gems don’t come from war zones where they could be used to finance violence, and their authenticity.