Continental Diamond Becomes Minnesota's First Jewelry Store To Accept Bitcoin
Continental Diamond, a St. Louis-based jewelry store, has partnered with BitPay enabling its customers to use bitcoin as payment.Continental Diamond, a St. Louis-based jewelry store, will begin accepting bitcoin as payment. Continental is partnering with BitPay to facilitate bitcoin payments. Earlier this week, the famous fashion-house Gucci also began accepting bitcoin. St. Louis Park-based Continental Diamond is now the first jewelry store in Minnesota to accept bitcoin as payment at its family-owned business, according to a press release.“We are constantly innovating and....
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More proof that Bitcoin is here to stay: following Microsoft, Dell, and Time Inc, jewelry e-commerce retailer iDIAMONDS is now accepting Bitcoin for diamonds and diamond jewelry. Established online retailer iDIAMONDS.com has caught the Bitcoin bug! The New York City-based company has decided it wants to take the diamond industry out of its old-fashioned ways and push it into the future by allowing anyone to exchange bitcoins for diamonds. iDIAMONDS has partnered with Bitcoin payment processor BitPay to make this all possible. Also read: Magazine Publisher Time Inc. Partners With Coinbase....
Is the auction house betting that diamonds will become a crypto user's best friend? Luxury auction house Sotheby’s will accept bids in crypto for a massive diamond scheduled to be auctioned in Hong Kong next month.According to a Monday Reuters report, Sotheby’s will offer a 101.38-carat pear-shaped diamond for bids in crypto and fiat starting on July 9. Buyers are expected to bid up $118 million HKD — roughly $15 million — for the stone. This amounts to more than 454 Bitcoin (BTC) at the time of publication at a price of $32,974. Sotheby’s has also accepted Ether (ETH) in previous....
Wilmington, North Carolina-based REEDS Jewelers has announced that they are the newest player in the game of bitcoin acceptance. The large and well-known jewelry store chain has teamed up with Coinbase to allow for bitcoin acceptance both on their online store and all 64 retails locations sprinkled throughout the United States. Customers will be able to purchase gold ingots and fine jewelry and watched using the digital currency, complete with GIA grading reports, according to today's announcement. "Since our founding in 1946, REEDS Jewelers has aimed for excellence in customer service and....
De Beers, one of the leading diamond-producing companies globally, recently announced the deployment of its blockchain-based diamond source platform at scale. The platform will “enable the provision of provenance information from source to Sightholder to store on a secure blockchain.”
Immutable Record of a Diamond’s Provenance
One of the world’s top diamond miners, De Beers, recently said it had deployed a blockchain-based diamond source platform at scale. The platform, which is known as Tracr, gives the so-called sightholders the ability “to....
Sotheby’s has now set the world record for the most expensive piece of jewelry sold for crypto last Friday. The global auction house had announced the intended sale earlier in the year of the 101.38-carat rare diamond. Sotheby’s had announced that the auction would be held with crypto as the buying currency. Stating that interested […]