Authentic Diamonds May Soon Be Tracked With Blockchain

With so many synthetic Diamonds beginning to flood the marketplace, Diamond experts are calling for a better system to track and verify authentic Diamonds. That’s where the startup BitCarat steps in. BitCarat is a blockchain system which aims to track a Diamond from the mine and each step along the way- from being cut to its final stop adorning its owner. This system would track every change to the Diamond’s record, and would thus be impossible to falsify. Experts hope this new system will assign a code and allow a permanent record for Diamonds, and would not track fake or synthetic Diamonds.

This adds a layer of security for the Diamond owner, because experts can verify the authenticity of your Diamond at any time- guaranteeing your investment is the real thing.


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