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Blockchain Gems: Emerald authentication proof lies in smart contracts

FURA, the diamonds for sale are a “never-before-seen, unique selection of untreated natural emeralds of brilliant colour and exquisite clarity.” The auction will take place in Sharjah, UAE, from April 3–10 2022.

This auction is designed for jewellers who want to create exquisite works of art out of them. According to FURA, they are Coscuez’s renowned green masterworks of nature. “Two rare and magnificent emerald roughs, each weighing an astonishing 81.2 carats and 83.8 carats.”

The seller offers complete traceability and transparency of the whole auction lot of emerald roughs, for the first Colombian emeralds. They will use the Gübelin Gem Lab’s Provenance Proof blockchain system for this.

Gübelin’s Emerald Paternity Test, which confirms the mine of origin, will be detailed in the smart contract. FURA sought to confirm their provenance because they claim their emeralds are mined ethically and ecologically.

Over 50 purchasers from all over the world are expected to attend. Buyers from Colombia, India, New York, Israel, and Bangkok have registered.

The premium jewellery houses that sell these diamonds in their final state require the highest requirements of provenance proof. According to FURA, the Gübelin Gem Lab is the world’s leading colour gemstone laboratory. “Gübelin’s specific technology is based on DNA-based nanoparticles that are directly applied to rough crystals at the mine.” These nanoparticles may be collected and decoded at any point in the supply chain to determine the origin of each emerald.”

“It is really exciting for us to give Fura with the cutting-edge technologies required for the first totally and truly proven traceable emeralds from Colombia,” says Klemens Link, Director of Provenance Proof. The rough gemstones are physically identified with our unique Emerald Paternity Test nano labels and can be tracked digitally on the Provenance Proof Blockchain. This provides customers and brands with the trust they want by giving confirmable transparency to their offerings.

Read more:

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