Press Releases De Beers Discusses Diamond Blockchain Initiative at U.S. Jewelry Council Event Published 4 years ago on January 19, 2018 By INSTORE Staff Share Tweet (PRESS RELEASE) NEW YORK – The U.S. Jewelry Council hosted an information session for its members at which De Beers Group presented on the new diamond blockchain initiative it has been developing. The council is a group of U.S.-based jewelry trade associations working to ensure the U.S. jewelry industry is collectively represented on issues related to responsible and sustainable sourcing at government and international levels. At the session, De Beers Group outlined the potential benefits to the U.S. diamond trade of the blockchain initiative and confirmed it will ensure that commercially sensitive data is protected. The USJC notes that De Beers has stated that the technology will be open and accessible to the entire trade and that De Beers will continue to consult with industry participants as the initiative progresses. “This is a very important step for the whole industry,” said David Bonaparte, president and CEO of Jewelers of America and treasurer of USJC. “We think this has the potential to provide consumers with a significantly greater level of assurance when buying diamond jewelry and we are excited to be a part of it. As the representative body of the U.S. jewelry trade, we commend De Beers for its leadership.” Ronnie VanderLinden, president of the Diamond Manufacturers & Importers Association of America and USJC president, said, “While this is still at an early stage of development, De Beers’ willingness to cooperate with and seek advice from all industry participants bodes well for the successful development and implementation of this initiative. We look forward to continuing to work with them as it develops so we can make sure our members stand to see the maximum benefit.” Related Topics: De BeersUSJC click to Comment(Comment) Up Next Phillip Gavriel Jewelry Expands Popcorn Collection to Include Gold Don't Miss JCK, Plumb Club Reach Agreement Through 2025 Advertisement SPONSORED VIDEO Thinking of Liquidating? Think: Wilkerson When Peter Reines, owner of Reines Jewelers in Charlottesville, VA, decided it was time to turn over the “reins” of his 45-year-old business to Jessica and Kevin Rogers, he chose Wilkerson to run his liquidation sale. It was, he says, the best way to maximize the return on his decades-long investment in fine jewelry. Now, with new owners at the helm, Reines can relax knowing that the sale was a success, and his new life is financially secure. And he’s glad he partnered with Wilkerson for this once-in-a-lifetime opportunity. “There’s just no way one person or company could run a sale the way we did,” he says. You may like Promoted Headlines Thinking of Liquidating? Think: Wilkerson Wilkerson Consolidating Stores? Time to Call the Experts! Wilkerson It’s Going to Set Us Up Very Nicely for Retirement Wilkerson Advertisement Latest Trending Videos Press Releases1 day ago SJTA Announces 2022 Board of Directors Columns1 day ago Here’s Why You Should Consider Hiring a Business Coach Cover Stories1 day ago 23 Ways to Do More in Your Business by Doing Less Benchmarks3 days ago These Jewelry Retailers Grab Shoppers’ Interest with Inventive Displays Headlines3 days ago $8.7M in Fake Jewelry Seized in Cincinnati and Indianapolis Best of The Best1 week ago Louisiana Jeweler To Launch Diamonds into Space Jimmy Degroot1 week ago Video: Fix the ‘Glitches’ in Your Jewelry Business Jimmy Degroot1 month ago Video: Everyone in Your Jewelry Store Can Get Along. Here’s How. Sponsored Webinars2 months ago Podium Presents: SMS Marketing 101 for Jewelry Retailers Advertisement SubscribeBULLETINS INSTORE helps you become a better jeweler with the biggest daily news headlines and useful tips. (Mailed 5x per week.) Latest Comments Most Popular Benchmarks3 days ago These Jewelry Retailers Grab Shoppers’ Interest with Inventive Displays Headlines3 days ago $8.7M in Fake Jewelry Seized in Cincinnati and Indianapolis Best of The Best1 week ago Louisiana Jeweler To Launch Diamonds into Space Celebrity Jewelry5 days ago The ’60s Make a Comeback in Jewelry and Fashion Benchmarks3 days ago 11 Intriguing Examples of Jewelry Store Window Displays Hot Sellers5 days ago 90 Percent of Surveyed Jewelers Reported Growth in December. Here’s What They Sold Cover Stories1 day ago 23 Ways to Do More in Your Business by Doing Less Celebrity Jewelry3 days ago Judge the Jewels: Were Pharrell’s Diamond Tiffany & Co. Sunglasses Inspired by a Famous Antique?