Bitcoin For Diamonds Anyone!?
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....
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There’s a way to purchase diamonds now with cryptocurrency using the exchange Bitcoin.de. The Deutschland-based Bitcoin service has just launched an internal diamond store within its platform. Now customers can use bitcoin to participate in the diamond market and the precious metals scene through the company’s marketplace. Entering the Diamond Market With Bitcoin. The business is pleased to announce this new feature saying: “Bitcoins are scarce and have an innate mathematical beauty – properties they share with diamonds. If you prefer your beauty to take tangible form, you can now use your....
Museum of Named Diamonds allows recording the stories related to diamonds on the Blockchain, preserving them forever. In such a way, people can make their precious diamonds unique by giving them names and stories. Moreover, they can track their history as long as the Blockchain exists. The Museum partnered with Everledger.io to ensure the technical support for their project. Everledger specializes in recording diamond data on the Blockchain. The company maintains their own distributed ledger which is the database for all the diamond-related content. Jacques Voorhees, CEO of the Museum of....
Diamonds have an unlikely new best friend - the blockchain. London startup Everledger is using the technology behind bitcoin to tackle the industry's expensive fraud and theft problem. Or as CEO Leanne Kemp describes it, "putting bling on the blockchain". According to a 2012 study from the Association of British Insurers, around 65% of fraudulent claims go undetected, at an expense of £2bn to insurance companies annually. Diamonds play a key part in this, Kemp said: "Insurers will meet at a conference once a year and say 'By the way, did you see our diamond fraud has gone through the roof....
It was Marilyn Monroe who famously said, "Diamonds are a girl's best friend." This appears to still be true today, but sometimes bitcoin can be just a good a buddy to those wanting to get their hands on a particular gem for that special someone. Thus, iDIAMONDS comes in. Jewelry e-commerce retailer iDIAMONDS has partnered with bitcoin payment processor BitPay and is now allowing users to trade bitcoin for diamonds and related jewelry. CEO Dan Gildoni proclaimed his confidence in the potential trading the company now offers, saying: "First, as the famous quote says: 'Diamonds Are Forever.'....
The United Arab Emirates (UAE) is considering the use of blockchain technology to prevent the influx of conflict diamonds from entering the multibillion-dollar global precious stones market. The Kimberley Process (KP), an organization set up to stop the flow of “blood diamonds” from entering the global precious stones market has revealed a new blockchain initiative that will help with a tamper-proof record of the provenance of diamonds. As a part of his midterm message announcing the organization’s progress this year, chairman Ahmed bin Sulayem revealed meetings with Dubai’s Blockchain....