ALROSA has decided to examine different tracing solutions available on the market and has recently launched a pilot with the Gemological Institute of America’s (GIA) M2M programme, the Company said in a release.

Sergey Ivanov, CEO of ALROSA said, "The creation of tracing systems is an important step in confirming diamond provenance, which will have benefits for industry participants, retailers and ultimately retail consumers. ALROSA is examining different tracing solutions available on the market to provide consumers with supreme confidence and knowledge."

He added, “The M2M programme is a way to share with the consumer the story of our diamonds."

The programme is based on the fact that consumers are exhibiting greater interest in the origin of the diamonds they purchase. It allows the retailer, and ultimately the consumer, to trace the journey of a diamond, adding to its story at each point along the value chain. The programme allows for the individual characteristics of a polished stone, and its unique journey, to be shared with consumers using a mobile application, together with traditional diamond grading reports.

Tom Moses, GIA executive vice president and chief laboratory and research officer said, "We are very pleased to welcome Alrosa to the M2M programme. Dozens of retailers and several manufacturers are signed up, and we continue to engage other diamond producers as part of the initiative."

M2M is a digital platform that brings together GIA's unique ability to scientifically match rough diamonds to the resulting polished gems with information from each step in the value chain that tells the compelling story of a diamond's journey. Having completed an earlier pilot phase of the programme, GIA has processed thousands of rough diamonds ranging from one carat up to more than 100 carats.