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To be able to compare millions of diamonds in one place, showing you exactly what you want (and don’t want) to see, helps tremendously to the average buyer. The project looks to produce tamper-resistent bottle tags in order to track rare Scottish whiskies. Rare Carat provides information to a customer, who may be shopping for a diamond for the first time. “Both retailers and customers directly benefit from having a permanent digital record of a diamond’s origin, characteristics and ownership, and this is particularly relevant to younger generations that the diamond industry is keen to attract, who put more weight into understanding the sustainability and ethics of a desirable item,” said Scott Austin, Everledger SVP Americas.Īmong Everledger’s recent activities include an initiative with the University of Glasgow.

This is also by no means the only such project Everledger has undertaken in August, the company teamed up with GIA and JD.com for diamond provenance ‘inter-chain collaboration.’ They host every tool needed to buy your diamond. Rare Carat was also named in the top fifty of 10,000 startups in the IBM Global Entrepreneurship Program. Rare Carat is a Diamond Search Engine that compares over a million diamonds across dozens of sellers.

RARE CARET OFFLINE

By entering a diamond’s certificate number, the report would return an assessement noting its price, strengths, and weaknesses. Rare Carat has partnered with major online and offline retailers, grown to over 20 employees, and has powered a half-million diamond searches by users. The report was aimed at consumers to be able to evaluate diamonds for sale anywhere. The two firms had previously partnered as far back as August 2018, to launch the Rare Carat Report. ‘This ensures that the diamond being purchased is conflict-free and has been sourced in a sustainable manner.’ ‘Using the newest version of Everledger’s leading blockchain platform, Rare Carat customers will now be able to search for and purchase diamonds that have been tracked from mining, through manufacturing, all the way to sale’, the press materials breathlessly noted. The companies noted the latest Everledger platform ‘specifically aids demand generation for retailers searching for diamonds based on their sustainability efforts, credentials and compliance standards’, as well as ‘matching suppliers who want to securely share this valuable data with individual retailers.’ In just 4 years, has grown to be the 1 marketplace for diamonds in the United States, and was called the Secret to buying. Rare Carat, a jewellery marketplace provider, and blockchain technology firm Everledger are teaming up to deliver greater transparency and sustainability information on diamonds in the former’s marketplace.

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