Following the announcement of the Tracr pilot earlier this year, Alrosa’s involvement brings the world’s two largest diamond producers together to provide enhanced assurance for consumers and trade participants

Russian diamond miner Alrosa (MCX:ALRS) has signed on to join the De Beers Group’s new end-to-end blockchain platform, designed for enhanced traceability, transparency and accountability.

As quoted from the press release:

Tracr, the end-to-end diamond industry blockchain traceability platform being developed by De Beers Group in collaboration with industry stakeholders, is pleased to announce that Alrosa has joined the platform’s pilot programme. Alrosa will join industry leaders from the diamond manufacturing and retail sectors in creating the blockchain platform by the industry, for the industry.

Following the announcement of the Tracr pilot earlier this year, Alrosa’s involvement brings the world’s two largest diamond producers together to provide enhanced assurance for consumers and trade participants about the provenance and authenticity of their diamonds, and in creating a digital foundation for new services that can only be developed on an end-to-end platform.

Sergey Ivanov, CEO, Alrosa, said: “Traceability is the key to further development of our market. It helps to ensure consumer confidence and fill information gaps, enabling people to enjoy the product without any doubts about ethical issues or undisclosed synthetics. Alrosa is glad to participate in testing Tracr, along with other market solutions. We believe tracing requires industry cooperation and complementation for the sake of a common goal.”

Jim Duffy, General Manager, Tracr, said: “As Tracr’s adoption grows, we will continue to raise the bar for the traceability, authenticity and provenance of diamonds. We look forward to working with all members of the industry to ensure we deliver a comprehensive platform that creates value for diamond businesses while meeting the consumer’s expectations.”

Click here to read the full announcement

Featured
Lucara Diamond Corp. is pleased to provide operating guidance for 2022 . Please view PDF version 2022 OUTLOOK This section provides management's production and cost estimates for 2022. These are "forward-looking statements" and subject to the cautionary note regarding the risks associated with forward-looking statements. Eira Thomas, President and CEO commented: "The business environment for diamonds and diamond ...

 (TSX: LUC) (BSE: LUC) (Nasdaq Stockholm: LUC)

Lucara Diamond Corp. ("Lucara" or the "Company") is pleased to provide operating guidance for 2022 (all amounts in USD unless otherwise stated). Please view PDF version

read more Show less
TSX and OTCQX: MPVD Mountain Province Diamonds Inc. today provides an update for its 100%-held Kennady North Project. Following staking in early 2020 that increased the Kennady North Project area by 35 percent, three additional claims have now been staked and filed with the government recorder for the Northwest Territories . These new claims are important to Mountain Province Diamonds as they are to the east of ...

TSX and OTCQX: MPVD

Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPVD) (OTCQX: MPVD) today provides an update for its 100%-held Kennady North Project. Following staking in early 2020 that increased the Kennady North Project area by 35 percent, three additional claims have now been staked and filed with the government recorder for the Northwest Territories . These new claims are important to Mountain Province Diamonds as they are to the east of significant clusters of kimberlite indicator minerals, as well as the previously identified MZ Kimberlite, both of which require further review. Additionally, the three claims connect the Kennady North land package into one contiguous area which now includes 30 federal leases and 94 claims that total 107,373 hectares and completely surrounds the Gahcho Kué Mine. Mountain Province is a 49% participant with De Beers Canada in the Gahcho Kué diamond mine.

read more Show less
TSX: DIAM Star Diamond Corporation reports that the unaudited results of its operations for the three and nine months ended September 30, 2021 will be filed today on SEDAR and may be viewed at  once posted. All currency amounts are in Canadian dollars. A summary of key financial and operating results for the three months ended September 30, 2021 is as follows: Highlights Continued pursuit of the legal proceedings ...

TSX: DIAM

Star Diamond Corporation ("Star Diamond" or the "Company") reports that the unaudited results of its operations for the three and nine months ended September 30, 2021 will be filed today on SEDAR and may be viewed at www.sedar.com once posted. All currency amounts are in Canadian dollars. A summary of key financial and operating results for the three months ended September 30, 2021 is as follows:

read more Show less

MARKETS

Markets
TSX20678.35+213.75
TSXV904.95-12.97
DOW34383.78+361.74
S&P 5004539.98+26.94
NASD15213.92-40.13
ASX7235.90-20.10

COMMODITIES

Commodities
Gold1769.39-12.44
Silver22.33-0.03
Copper4.28+0.03
Palladium1750.05-0.95
Platinum938.00+2.00
Oil65.90+0.33
Heating Oil2.10+0.02
Natural Gas4.28+0.03