Blockchains are forever: DLT makes diamond industry more transparent By Cointelegraph

Blockchains are forever: DLT makes diamond industry more transparent

CryptocurrencyMay 13, 2022 12:20PM ET

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Blockchains are forever: DLT makes diamond industry more transparent

Diamonds are some of the world’s most valued gemstones, and the global diamond industry has managed to remain afloat despite being partially eclipsed by the emergence of modern stocks and novel virtual assets.

The diamond industry, however, appears to be undergoing a paradigm shift in recent times — incorporating modern technology such as blockchain to improve diamond production, tracking and ultimate sales.

Diamond prospectors in Sierra Leone. Source: AP

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US 500	3,944.0	+42.6	+1.09%
Dow Jones	31,261.90	+8.77	+0.03%
S&P 500	3,901.36	+0.57	+0.01%
Nasdaq	11,354.62	-33.88	-0.30%
S&P 500 VIX	29.16	-0.27	-0.92%
Dollar Index	102.305	-0.868	-0.84%

Crude Oil WTI	111.36	+1.08	+0.98%
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Gold	1,861.87	+19.77	+1.07%
Silver	22.139	+0.465	+2.15%
Copper	4.3407	+0.0657	+1.54%
US Soybeans	1,705.50	-0.50	-0.03%

SPDR S&P 500	389.63	+0.17	+0.04%
iShares Russell 2000	176.08	-0.45	-0.25%
Invesco QQQ Trust	288.68	-0.90	-0.31%
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iShares Silver	20.07	-0.20	-0.99%
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ProShares UltraPro QQQ	27.34	-0.24	-0.87%

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Amazon.com	2,151.82	+5.44	+0.25%
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Blockchains are forever: DLT makes diamond industry more transparent

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