{"id":7588,"date":"2018-06-01T16:16:06","date_gmt":"2018-06-01T10:46:06","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=7588"},"modified":"2021-04-07T16:19:57","modified_gmt":"2021-04-07T10:49:57","slug":"chow-tai-fook-gia-blockchain-for-diamond-grading-reports","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/chow-tai-fook-gia-blockchain-for-diamond-grading-reports\/","title":{"rendered":"Chow Tai Fook & GIA Blockchain For Diamond Grading Reports"},"content":{"rendered":"\n

Renowned jewellery chain Chow Tai Fook Jewellery Group and Gemological Institute of America (GIA) will use blockchain technology to deliver secure, digital diamond grading reports to consumers for the first time in history. Clients of Chow Tai Fook\u2019s diamond brand, Chow Tai Fook T Mark, will receive a permanent and immutable blockchain record of their diamond\u2019s GIA grading information. This innovative service will be first piloted in selected Chow Tai Fook stores in Hong Kong before expanding to other locations at the end of 2018. <\/p>\n\n\n\n

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Chow Tai Fook<\/figcaption><\/figure><\/div>\n\n\n\n

Kent Wong, Chow Tai Fook managing director, said, \u201cWe are very proud of our co-operation with GIA which gives our customers additional assurance and transparency, and the opportunity to have both diamond grading and diamond traceability information at their fingertips. This is an important industry breakthrough and adds a new chapter to the customer experience.\u201d <\/p>\n\n\n\n

\u201cSecurely linking T Mark customers to their diamond\u2019s grading information through the use of blockchain is an important step to enhance consumer trust,\u201d said Tom Moses, GIA executive vice president and chief laboratory & research officer. \u201cGIA has been delighted to work closely with Chow Tai Fook to bring this advancement to the entire gem and jewellery community.\u201d<\/p>\n\n\n\n

GIA diamond grading information for T Mark diamonds will be written directly to a blockchain ledger shared between Chow Tai Fook and GIA. The unique record of the diamond\u2019s information is transferred via the T Mark app to the final customer. This is among the first consumer-facing initiatives to use blockchain to put diamond grading information directly into the hands of the consumer. This is an important milestone as blockchain moves from business-to-business, to business-to-consumer. The initiative was developed with leading blockchain solutions provider Everledger and is secured by the IBM Blockchain Platform.<\/p>\n\n\n\n

Leanne Kemp, Everledger chief executive officer, said, \u201cWe are delighted to be working with two industry giants to provide assurance for customers through our pioneering work with blockchain technology for the diamond industry. This is a great result of more than two years of work and we look forward to continue delivering business and customer benefits for the entire industry.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Renowned jewellery chain Chow Tai Fook Jewellery Group and Gemological Institute of America (GIA) will use blockchain technology to deliver secure, digital diamond grading reports to consumers for the first time in history. Clients of Chow Tai Fook\u2019s diamond brand, Chow Tai Fook T Mark, will receive a permanent and immutable blockchain record of their…<\/p>\n","protected":false},"author":1,"featured_media":7589,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-7588","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"\nChow Tai Fook & GIA Blockchain For Diamond Grading Reports - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gjepc.org\/solitaire\/chow-tai-fook-gia-blockchain-for-diamond-grading-reports\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chow Tai Fook & GIA Blockchain For Diamond Grading Reports - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"Renowned jewellery chain Chow Tai Fook Jewellery Group and Gemological Institute of America (GIA) will use blockchain technology to deliver secure, digital diamond grading reports to consumers for the first time in history. 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