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

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Blockchains are forever: DLT makes diamond industry more transparent

Published May 13, 2022 10:45AM ET Updated May 14, 2022 12:40PM 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 30	36,259.0	+308.1	+0.86%
US 500	4,596.3	+28.5	+0.62%
Dow Jones	36,245.50	+294.61	+0.82%
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Gold	2,091.70	+34.50	+1.68%
Silver	25.895	+0.235	+0.92%
Copper	3.9195	+0.0690	+1.79%
US Soybeans	1,323.75	-18.25	-1.36%

U.S. 10Y	4.209	-0.015	-0.36%
U.S. 30Y	4.392	-0.025	-0.55%
U.S. 5Y	4.141	-0.013	-0.33%
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Netflix	465.74	-8.23	-1.74%
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Blockchains are forever: DLT makes diamond industry more transparent

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