Articles and News

Antwerp, Belgium--iTraceiT, the Belgium-based innovative technology and service provider that developed a blockchain-based application for tracing diamonds, gemstones, and jewelry, staged the application’s official launch on May 3. Per the press release, the event was held at the Antwerpsche Diamantkring (Antwerp’s rough diamond bourse) in the heart of Antwerp’s diamond district.

[Image: iTraceiT]

The launch comes as industry demand for viable traceability solutions increases significantly.

“Recently, we’ve seen several industry organizations and service providers make product development announcements regarding traceability," iTraceiT’s Marketing and Sales Director Shavit Gaistman explained in the press release. "[I]t emphasizes that the industry’s awareness is expanding and that traceability solutions are now being center-staged. 

"However, diamond, gem, and jewelry manufacturers and traders need solid guarantees that their traceability solution is autonomous and unaffiliated, covering their products throughout the supply pipeline, from the rough to the finished product.” 

Gaistman added that iTraceiT helps trace diamonds, gemstones, and jewelry, from "mine to finger." 

The company also works with smaller pieces. “Small and melee polished diamonds make up the bulk of the diamonds manufactured, traded, and set in jewelry worldwide,” Gaistman said. “Our blockchain-driven solution works for diamonds and gemstones of any size, also for diamonds under 0.25 carat. iTraceiT can follow any stone through the production process, whether it is a 2.00 or a 0.02 carat stone!”

At the launch on May 3, the team demonstrated the ease of integrating the iTraceiT blockchain-based tool into diamond companies’ business management models. 

To register for the launch, click here: https://bit.ly/37pDRYR