IS THIS THE SHAPE OF THE FUTURE?
Everledger is a company that has pioneered the new block chain technology to track gem stones from the field to the consumer. They were founded in 2015 and have already processed over 1.6 million diamonds in this manner. There goal is also to track minerals metals wine ect with savings to be made on fraud ,money laundering and insurances.. We should be aware of such new technologies as they could affect our industry not now but in the future. The negative side is that big business could control this technology and influence governments who like more security of industries and then only ethical certified companies could for example be allowed to export into the USA. For those members involved in internet business would already be aware of moves by companies like PayPal ect to ask about ethical fair trading,money laundering policy’s ect.
How ever it could be a great marketing tool for our industry if we encourage members to get involved. We have had brief discussions with Everledger and they have said verbally that they will accept stock that the Opal Association certifies including location. There is of course a lot more discussion to be had and it may not be suitable for all members but it is worth visiting there web site. www.everledger.com It will be something we cant ignore in the future.
Disclaimer Note We forward all emails received for the Opal association to all members as a matter of course. This does not mean we support or endorse the product /message and suggest members do their own due diligence and checking.