Diamonds Sales Boom During Lockdown

Diamonds have enjoyed a boom in sales during lockdown with some wealthy investors seeking to lift their spirits with a sparkling new precious stone. Recently, a multi-coloured ‘Tutti Frutti’ diamond bracelet made by Cartier in 1930 sold for £1.1million at an online Sotheby’s auction. It comfortably beat the £650,000 estimate despite the New York auction only being open to internet bidders. Yet although diamonds can represent a good investment, they are not for the faint-hearted.

IBM Introduces a Blockchain, Trustchain to Verify the Jewelry Supply Chain

You want to buy a beautiful necklace for that special someone, but how can you confirm it was mined and manufactured responsibly? Providing such information to consumers is not yet a common practice. Though diamonds in today’s jewelry market are much more likely to be conflict free thanks to the Kimberley Process Certification Scheme, it…