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ALROSA plans to auction large diamonds in Dubai

ALROSA, the world’s largest diamond mining company, will hold an auction for the sale of special size rough diamonds (weighing over 10.8 carats) in Dubai in the period from May 27 to June 14, 2018.

Yesterday

Signet Jewelers to join pilot of De Beers-led blockchain platform

Signet Jewelers, the world’s largest retailer of diamond jewellery, will become the first retailer to join the pilot of De Beers-led blockchain platform, Tracr.

Yesterday

Chow Tai Fook to use blockchain technology for ‘T MARK’ diamond brand

Clients of Chow Tai Fook’s diamond brand, CHOW TAI FOOK T MARK (T MARK), will receive a permanent and immutable blockchain record of their diamond’s GIA grading information.

Yesterday

Mountain Province Diamonds announced results of fourth diamond sale of 2018

Mountain Province Diamonds Inc.  announced the results of its recently completed fourth diamond tender sale of 2018.

Yesterday

Petra Diamonds to raise $178 mln to cut debt

Petra Diamonds, which has mining operations in South Africa and Tanzania, has launched a $178 million rights issue to settle part of its swelling debt.

Yesterday

How Three Jersey Shore Developers Intend To Drop The Price Of Diamonds

14 july 2017
(forbes.com) - These three 28-year-old guys work out of Asbury Park, New Jersey, just a quick drive to the boardwalk and The Stone Pony, the venue that’s famous for launching Bruce Springsteen’s career. One of them, Justin Insalaco, is a former Mercer County cop, who came up with the idea for a law enforcement app after getting frustrated that he couldn’t access critical information, like policies and floorplans, from his cell phone. That app became Guidant Systems, which has been adopted by The Department of Homeland Security and The Pentagon Force Protection Agency. Insalaco developed it with his business partners Matthew Roselli, a former advertising executive, and Jason Elhomsi, who came out of financial marketing. None of them have any background in jewelry, which is why Roselli found ring shopping so challenging after he decided to get engaged a few years ago. “When you say you’re getting engaged,” Insalaco says, “about 15 people in your network in Jersey and New York tell you that they’ve got a [diamond] guy.” Still, Roselli found the process daunting, unsure of whom to trust and why ring prices varied so much from jeweler to jeweler. That got the team at 3BDreams, a marketing think tank that Insalaco founded after Guidant Systems became successful, wondering. They founded Legemdary in 2015, with the notion that engagement ring buyers should have access to the kind of easy, seamless shopping experience that the internet has made possible for so many different industries. Legemdary is reverse auction site that bypasses the retailer completely . Instead, it connects buyers with wholesalers.

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