Traceability of diamonds via the Everledger blockchain

In partnership with Everledger, the world's leading blockchain technology company, we are setting the standards for a new way of working in the diamond industry and continuing our leadership in promoting transparency and accountability for stakeholders in our industry. State-of-the-art blockchain-based technology has been integrated into our supply chain to transparently and securely track the origin of diamonds and provide greater assurance to our customers about the provenance of our diamonds.

Thanks to the partnership with the Blockchain Everledger technology, our website i-diamants.com now allows you to know where your diamond comes from in order to improve our business practices in terms of ethics and transparency. On our diamond catalog, when you select the “traceable diamonds” filter, you can choose a diamond that has been traced from its country of origin via the Everledger blockchain. This transparency on the origin of the diamonds allows you to be sure of the following 2 fundamental points:
- your diamond comes from countries at peace and signatories of the Kimberley Process
- the chain of subcontractors is Responsible Jewelery Council certified, the human and environmental criteria are assessed, audited and collected (even if these points require continuous improvement with regard to the databases issued).

Everledger: blockchain specialist

Blockchain makes it possible to track the entire supply chain from the mine to your fingers in order to control it, trace the stone and control its various societal impacts.

Blockchain technology allows data to be recorded securely and unal- terably as an asset, such as a diamond, an artwork, or a bottle of fine wine. By converging this record with other technologies, Everledger creates a unique digital identity for the asset and makes it available to all stakeholders. The resulting lift in transparency, confidence and trust lays the foundation for whole industries to advance.

Due diligence

Everledger is an independent Australian company that supports the business owner in their due diligence. Due diligence is how a company understands, manages and communicates risk. This includes the risks the company generates for others and the risks it faces through its strategic and operational decisions and actions.

Global Blockchain

Based in Australia, Everledger operates worldwide.

Everledger was founded in 2015 with the bold vision of delivering transparency by using the power of the blockchain alongside a symphony of other technologies to offer object traceability and trustworthiness of claims. With functioning solutions and active user communities across a range of industries (including jewellery, apparel, and wines and spirits), Everledger is scaling globally as the leader in provenance and authentication for some of the world’s best-known brands.

Previous to distributed ledger technologies like the blockchain, gathering data to make certain claims meant tracking transactions made from one centralized data- base to another. The speed and volume of transactions in these manual environments forced an assumption of honesty, even though the risk for fraud and human error was still significant.

But with the Everledger Platform, participants can leverage a symphony of technologies to make readily substantiated sales claims. Everledger supports clients by creating a digital twin of every diamond or gemstone as a secure and permanent digital record of an asset’s origin, characteristics and ownership. This digital twin is coupled with secured copies of all the records, so each participant can view the provenance of the data with shared accuracy. What’s more, it’s impossible to alter one record on the blockchain without altering everyone’s copy of the chain. This means those records are immutable, which is why your supply chain is now more transparent and trustworthy than ever before.

Everledger's Purpose

Dispel the opacity weighing on diamond transactions in order to increase transparency in this industry.

Need for transparency: the requirements for sustainable products and the rise of second-hand markets, where counterfeits abound, have also favored the emergence of convincing solutions. The blockchain entering the world of luxury is one of the most promising.

Supplier sourcing and auditing

Everledger audits supplier data: Kimberley Process, Responsible Jewellery Council but also indicators on the environmental and societal impacts of the tailor.

Everledger wants to go further than the traceability of stones and also collect the societal and environmental criteria of its suppliers (CO2 emissions, energy consumption, use of products, employment conditions and of women and men, wages, health and safety of workers etc. It is still difficult to obtain all this data to date which is why Everledger works hand in hand with companies like i-diamonds to ask questions and find areas for response and improvement in order to offer a product of excellence whose environmental and societal impact is known and controlled.