African diamond firms on COVID-19 response, recent developments

Rough & Polished recently contacted several diamond producers and exploration companies with operations in Africa to establish how their operations were affected by the Covid-19 pandemic and what they are doing to alleviate the impact. We also sought...

Yesterday

“Get Diamonds” platform will soon be available in Russian, Hindi, Arabic and any other languages as per demand from any countries

A first-generation diamantaire Yoram Dvash, currently serving as the Acting President at World Federation of Diamond Bourses (WFDB) and the President of the Israel Diamond Exchange (IDE), launched his diamond manufacturing and trading...

25 may 2020

Sustainability is the only way forward - Rahul Jauhari

Rahul Jauhari, Sr Vice President of Global Sales & Marketing, Star Rays, has forged ahead professionally for more than 14 years garnering experience in Business Development, Luxury Lifestyle Consultancy, Market Analysis, Global Fashion / Luxury trend...

18 may 2020

Keeping global supply chains functioning vital – De Beers

Diamond giant, De Beers has said that it is essential to keep global supply chains functioning in view of the substantial impact of Covid-19 on the industry. Group spokesperson David Johnson told Rough & Polished’s Mathew Nyaungwa in an exclusive interview...

11 may 2020

Gabon courts foreign investors to grow fledgling diamond sector

Diamond production in Gabon, which has been a member of the Kimberley Diamond Certification Process since 2018, is currently dominated by artisanal miners. The artisanal miners are producing about 300 carats per month, according to Gabon’s director of...

05 may 2020

Everledger and Tencent to launch Blockchain-enabled diamonds on WeChat soon

04 october 2019
The UK-based technology company Everledger, completed its $20 mln Series A funding round which came to a close with the backing of China’s leading internet-based services provider, Tencent Holdings Ltd. According to media reports, Graphene Ventures, Bloomberg Beta, Rakuten, Fidelity and Vickers Venture Partners have also participated.
Everledger has plans to launch of the world’s first WeChat Mini Program for blockchain-enabled diamonds, uniting key stakeholders in the diamond value chain, which aims to empower WeChat users to buy jewellery with more transparency and security​.
Leanne Kemp, founder and CEO of Everledger said: “Having this strong investor cohort join us at this stage in our development is both validations of the innovation we’ve displayed to date and a statement of future intent. They will support us in bringing more visibility to good business practices in industries that impact millions, if not billions of people in developing countries.”
James Mitchell, Chief Strategy Officer at Tencent stated, “Everledger’s application of blockchain technology enhances value to consumers and reduces risks for businesses across the industry,” adding that the company was pleased to support efforts to “improve the transparency and sustainability of global supply chains”.
Tencent’s mission to improve the quality of life through Internet value-added services is already an integral part of Everledger’s business model. Everledger’s purpose is to contribute greater clarity and confidence in the marketplaces where transparency is a strategic imperative. This allows for ever more knowledge and sustainable business practices, as information is surfaced in an unprecedented way. Tencent is now represented in the Everledger board.

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished