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First Blockchain for Colored Gemstones – Provenance Proof Blockchain Enables Transparency for the Entire Gem and Jewelry Industry

It’s free of charge…

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(PRESS RELEASE) Transparency is one of the hottest topics in the jewelry industry. At the AGTA Tucson gem show, the first colored gemstone blockchain has been launched, which will track the provenance of gemstones – every step along the supply chain. The Provenance Proof Blockchain is a truly inclusive solution, applicable to any type of gemstone and open to any stakeholder of the gemstone and jewelry community who is ready to embrace transparency, and free of charge.

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Transparent supply chain

The innovative technology has been launched at the Tucson gem show and is now open to all stakeholders. The purpose of the Provenance Proof Blockchain is to provide the industry with a tool that enables the tracking of each step of a specific gemstone along the supply chain. A gemstone’s journey begins at the mine, which is where the Provenance Proof Blockchain ideally starts. Every transaction and hand-over adds an entry to the blockchain, resulting in a record, providing transparency into the complete journey of a gemstone, from the mine to the end consumer.

This ground-breaking blockchain project is part of the Provenance Proof initiative, a long-term program established by the Gübelin Gem Lab to create services and technologies enabling and promoting more transparency in the gemstone industry. The Provenance Proof Blockchain is suitable for any type of gemstone. It perfectly complements the Emerald Paternity Test, the first innovation under the Provenance Proof. This technology uses physical nanolabels, which are inserted in emeralds, so they can be traced back to the exact mine. A combination of both a physical tracer (Emerald Paternity Test) and digital ledger (Provenance Proof Blockchain), enables even more transparency.

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Everledger, an emerging technology enterprise specialized in blockchain-based solutions for high-value assets, was entrusted with the task of building the system architecture, feature design and technological infrastructure for the Provenance Proof Blockchain. Together with the mining company Fura Gems the technological solution was developed and tested. Fura Gems is listed at the Canadian stock exchange and has contributed, as the mining pilot partner, significantly to the solution. To Fura Gems, fair mining respecting the environment and the people is essential as the company says: “Corporate Social Responsibility (CSR) is at the heart of our business.”

Easy, secure and inclusive

Diverging needs such as transparency and privacy are carefully balanced; visibility into the supply chain is restricted to the entity in ownership or custody of the gemstone, and only upstream, i.e. towards the mine. It is a simple and fast process that also allows very small players to use the Provenance Proof Blockchain in a lean and efficient way. All processes, including the registration and the upload of data, can be done with a smartphone. This ensures that the use of the Provenance Proof Blockchain is a truly inclusive solution, convenient for all types and sizes of stakeholders – artisanal miners, small-scale cooperatives, large companies, and any size of cutters and treaters, dealers, wholesalers, gem labs, manufacturers, jewelry brands, retailers, and end consumers.

Free of charge

There are no charges for the use of this blockchain solution. Both the data contribution and access are completely free of charge. Costs are born by the Gübelin family who is proud to make this contribution to foster transparency in the gemstone and jewelry industry in general.

Voices from the industry

The launch of the Provenance Platform Blockchain included a panel discussion with a focus on the impact of transparency and traceability in the colored gemstone industry. Among the panelists were: Raphael Gübelin, president of the House of Gübelin, Leanne Kemp, founder and CEO of Everledger, Rupak Sen, vice president marketing & sales of Fura Gems, as well as Patricia Syvrud, minerals, materials and society program development manager at the University of Delaware. They highlighted the importance of providing the industry with technologies and solutions to enable a new level of transparency, creating trust and confidence.

Raphael Gübelin states: “To our family company, it has always been essential to provide as much information as possible to the industry and the end consumer. Therefore, we have established the Provenance Proof Blockchain to promote transparency in the gemstone industry on a completely new level. We invite every stakeholder who embraces transparency to participate.”

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Leanne Kemp, founder and CEO of Everledger says, “Our pioneering work in digital provenance aims to drive transparency and trust to advance industries. We are proud to officially launch the Provenance Proof Blockchain to enable next-generation verification standards in the colored gemstones industry. This world-first joint solution will provide consumers the confidence they deserve through true supply chain transparency. In today’s connected world, business ecosystems are demanding more adaptability and designed to quickly respond to evolving consumer patterns and preferences as well as the competitive landscape. Forward-looking companies that can capitalize on the potential power of ecosystems will reap enormous benefits and be better positioned for an uncertain future.”

Dev Shetty, president and CEO of Fura Gems, explains: “We firmly believe that this technology will raise best practices in the colored gemstone industry and serve the entire supply chain by educating consumers, promoting transparency and providing a platform from which producers can demonstrate their commitment to preserving the environment and contributing to local communities through education, training, and employment opportunities. Fura Gems is committed to setting a new precedent for best practices among the colored gemstone industry and we are proud to have supported this project from its initiation.”

Any professional stakeholder along the entire value chain is now invited to register and start using the Provenance Proof Blockchain. All information about the registration, the use of the system and much more information can be found on www.provenanceproof.io

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Press Releases

GSI Announces EIAC Accreditation

It’s valid in all UAE.

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(PRESS RELEASE) Gemological Science International (GSI) a leading laboratory of America announced its EIAC accreditation. The accreditation is valid not only in Dubai where the GSI laboratory is located but in all seven United Arab Emirates.

GSI is the first and the only international gemological laboratory to achieve this accreditation in UAE. This accreditation upholds GSI’s commitment to professional integrity, transparency, and forward-looking processes and procedures.

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Parcel Pro Launches Partnership with MJSA

This provides MJSA Premier-level members with exclusive rates for insured transportation.

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(PRESS RELEASE) Parcel Pro, a UPS Capital company, announced a partnership with Manufacturing Jewelers & Suppliers of America (MJSA) that provides MJSA Premier Members access to innovative technology and insured shipping at a time when the industry is experiencing rapid e-commerce growth.

Online sales of luxury goods continue to flourish with growth of 24% in 20171. According to the 2018 Luxury E-commerce Report, six out of 10 of the fastest growing luxury websites surveyed were jewelry and watch companies. Jewelry represented 13.4% of the 130 companies’ online sales.

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Additionally, consumers continue to express an interest in custom-designed jewelry. In fact, custom now represents 40% of the $10 billion bridal market2. With jewelers selling more online goods, the need for reliable, insured transportation is crucial to meeting customer demand.

“E-commerce retail revenue is expected to top $4.88 trillion by 20213, so it is no surprise we are seeing more luxury goods shipments,” said Parcel Pro President Manuel Valdez. “Our solutions and capabilities will help MJSA members meet the growing needs of their customers whether they’re shipping $1 million or $500 million in goods a year.”

“Our members require safe, secure shipping options—particularly given the high value of jewelry shipments—and MJSA is excited to be partnering with Parcel Pro to meet that need,” said David W. Cochran, MJSA president/CEO. “Parcel Pro’s international reach their tools to reduce risk, and their commitment to customer service have earned them a world-class reputation.”

Parcel Pro offers:

  • Secure pickup and delivery in key jewelry markets including New York City, Miami, Los Angeles, Chicago, and San Francisco.
  • Proactive package monitoring and carrier communications to minimize delivery delays and risks.
  • Myriad technology resources, including web tools for shipping, tracking, APIs, a mobile app, and integration with a Magento store.
  • Loss and damage protection for commercial shipments valued up to $150,000 in the U.S. and $100,000 to select countries and territories.

Parcel Pro makes it less risky to transport high-value goods. The company’s risk management and shipping procedures have been proven to reduce losses.

By endorsing Parcel Pro, MJSA provides Premier-level members with exclusive rates for insured transportation. “All of those members rely on us to provide the support and resources needed to help them to grow and to run their businesses efficiently and profitably,” said Cochran.

Parcel Pro is part of the MJSA Member Protection Package, a portfolio of leading business providers offering a spectrum of best-in-class services.

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Jewelry Designer Mark Schneider Wins 40th Spectrum Award

His philosophy of jewelry is to create designs as wearable art.

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(PRESS RELEASE) Mark Schneider, American award-winning fine jewelry designer, recently returned from the Spectrum Awards Gala at the Tucson Gem and Mineral Show where he was awarded his 40th AGTA (American Gem Trade Association) Spectrum Award for 2nd Place in the Men’s Wear division.

Each year a panel of experts at AGTA honors designers based upon the merits of their innovative designs. Having won 40 Spectrum Awards in divisions such as Men’s Wear, Business Day Wear, Bridal Wear, and Objects of Art, Schneider is one of the most recognized American designers of our time. He has had many of his pieces on display in museums throughout the country.

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Best known for his contemporary engagement rings, unique colored gemstone jewelry, and custom jewelry designs, his jewelry creations are known for their simplicity and clean, fluid lines. Schneider’s philosophy of jewelry is to create designs as wearable art. His out of the box thinking and skilled craftsmanship makes him a highly sought-after custom jewelry designer. Schneider’s designs are handcrafted on-site in his design studio in Long Beach, California.

From his bold color pieces to his unique bridal designs, Schneider pushes the conventional ideas of jewelry design and constantly strives to challenge himself in creating unique jewelry and designing with his customers in mind. His distinct perspective on jewelry making has earned him some of the most coveted design awards and honors within the jewelry industry. View his designs on his website at www.MarkSchneiderDesign.com.

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