De Beers building blockchain to track diamonds from mine to customer

India's all large and small processors, retailers will also be integrated

De Beers is building the first end-to-end diamond industry blockchain platform that will securely track a diamond from the mine to the end consumer.

The platform, known as 'Tracr', is based on Etherium blockchain technology and is being built in collaboration with the industry players.

'Tracr' is being designed to benefit all diamond industry stakeholders - from large producers to small businesses - including the Indian diamond sector, which processes the majority of the world’s diamonds. 

The pilot was launched in January, to trial it with a small group, which also included Indian Sightholders.

"The project will cover the full