Gemfields offers emeralds with both traceability technologies
These days, significant volumes of high-quality emeralds equipped with tracing and tracking technologies from Provenance Proof are entering the global supply chain. Once again, the mining company Gemfields is spearheading the industry by equipping its high-quality emeralds with the Emerald Paternity Test, and putting them on the Provenance Proof Blockchain. During the latest Gemfields auctions in Singapore, more than 13 kilogrammes of these top-quality gemstones were successfully sold to the invited buyers.
More transparency in the trade
This was the first time that several thousand high-quality gemstones containing both Provenance Proof traceability technologies have entered the supply chain at once. Soon, these gemstones will become available to jewellery brands and retailers, offering an unprecedented level of transparency into the journey of a gemstone, and opening new ways of customized storytelling to retailers.
This creates an entirely new level of digitally recorded, provable transparency within the gemstone industry. The end consumer, like any other stakeholder along the supply chain, can now read the entire story from the mine onwards with few clicks. Adrian Banks, Managing Director of Product & Sales at Gemfields, states: “Consumers are increasingly interested in the origin of their gems and how they can be responsibly mined to have a positive impact on the countries they are from.”
This supply of a large number of high-end gemstones offering true, verifiable transparency is an important step forward towards a more transparent supply chain. Brands, jewellery manufacturers and retailers can now request such traceable gemstones.