World

De Beers, Tiffany & Co, Halt Alrosa Russian Diamond Imports

Published

3 years ago

April 18, 2022

De Beers, a direct competitor of the Alrosa mine in Russia, took advantage of the recent sanctions in its official website statement. “Every diamond discovered by De Beers Group comes from one of our mines in Botswana, Canada, Namibia or South Africa.” Russia is absent from the list, and the innuendo is clear.

Jewelry giant Tiffany & Co. also stated that it discontinued Russian diamond imports. Stones currently in transit as well as those already in US stores will remain outside the scope of the sanctions.

Despite all assurances of compliance with President Biden’s executive order to ban Alrosa exports to the United States, it was virtually impossible to prove the provenance of a natural gemstone.

The solution comes from Sarine Technologies. An increasing number of companies in the diamond industry are relying on the publicly traded company for proof of a gemstone’s provenance. Even when a gem crosses borders, Sarine can trace it and identify the point of origin.

The corporation deployed a global fleet of state-of-the-art 3D gemstone scanners throughout the mining and production industry that identify the inherent attributes of each jewel. From mine to jewelry store, every point in the supply-chain rescans the gemstones. When a match is made, the stone is verified.

Eastern European stones are commonly sold in India, and exchange hands before making their way to their international destinations. Blood diamonds are commonly fed into supply chains unbeknownst to purchasers.

The Verify website conducted an interview with RapNet founder, Martin Rapaport, who wrote about loopholes in the US sanctions. “The order places no restrictions on the U.S. importation of polished diamonds sourced from Russian rough diamonds but cut and polished elsewhere.”

In order to document sourcing, Sarine uses blockchain technology to create an immutable record of a gem’s initial location, its movement, and ownership. When a rough jewel is mined, it is scanned and logged into the online distributed ledger.

As the product is rescanned at each point of exchange, the software confirms a match and the data is stored in the blockchain. The customer can access an online report that certifies the provenance and journey of the jewelry.

“It’s changing the market,” says Simon Levy, a diamond sales executive in The Israel Diamond Exchange LTD. “Mined gems are meaningful and symbolic, but many of our customers over the last decade are more concerned with where our rough stones come from. Having a scientific means to verify where they originate is important to them, and to me as well.”

The biggest hurdle for the tracing concept was the ability to find distinctive, inimitable characteristics inherent in the stone. Once the technologies were able to make these distinctions, a world of possibilities was opened.

Jonathan Larson, an assistant professor of computer science in Cambridge, MA explained that “Blockchain uses distributed computing, and it’s a brilliant way to securely track and observe digital records. We began experimenting with extending the technology from digital assets to actual things.”

He continued, “We could track them, but we weren’t able to authenticate all of them—we didn’t know if they were the same object. But when there’s a distinct identifier, then you have both authentications matching as well as the history and exchange. The more granular the distinction, the higher the level of authentication.”

Once paired with distributed ledger technology, the software knows everything about the stone, including where it came from and where it ends up. The failsafe system benefits everyone involved in legitimate trade—especially retail customers.

Tiffany and other companies will be embracing high-tech solutions to ensure products are coming from vetted sources. That’s great news for everybody.

World

Discover the Freedom of Non-GamStop Casino Sites for UK Players

Published

4 weeks ago

October 26, 2024

Jimmy Lerner

For UK players seeking more flexibility and variety in their online gaming experience, non-GamStop casino sites are opening the doors to a world of exciting opportunities. These platforms offer a broad range of gaming options and attractive bonuses, giving players the chance to enjoy their favorite casino games without the constraints imposed by the GamStop self-exclusion program.

Non gamstop casino sites provide an alternative for those who prefer unrestricted access to games, allowing them to play with greater freedom and less interruption. As the online gaming industry continues to evolve, non-GamStop platforms are quickly gaining popularity among UK players, especially those seeking exclusive games, competitive promotions, and fewer restrictions.

Why Choose Non-GamStop Casino Sites?

Non-GamStop casino sites provide several distinct advantages for players, making them an appealing choice for those looking to enhance their gaming experience. The primary benefit is the absence of GamStop restrictions, allowing players to access their favorite casino games without the limitations of self-exclusion programs. This freedom extends to deposit and withdrawal limits, which are more flexible on non-GamStop platforms.

Additionally, non-GamStop casinos often boast a broader selection of games. Whether players are interested in slots, poker, blackjack, or live dealer experiences, these sites frequently offer an expansive library of gaming options catering to various tastes. Exclusive games, tailored specifically for these platforms, can also be found, providing unique opportunities often unavailable on more restricted sites.

The Perks of Playing Without Limits

Non-GamStop casino sites are known for their enticing promotions and bonuses to reward new and returning players. Generous welcome bonuses, free spins, and ongoing loyalty programs help to enhance the overall gaming experience, allowing players to maximize their wins and play for longer durations.

These platforms also provide a more relaxed gaming environment with fewer restrictions on deposits and withdrawals. Players who prefer high-stakes gaming will appreciate the ability to manage larger transactions, while those who enjoy casual play can still benefit from flexible options. However, it’s important to practice responsible gambling to ensure a safe and enjoyable experience.

How to Find Reputable Non-GamStop Casino Sites

With the rise in popularity of non-GamStop casinos, it’s crucial for players to choose reputable platforms that prioritize safety and security. Look for sites with valid gaming licenses from respected regulatory bodies, such as the Malta Gaming Authority or Curacao eGaming. These licenses ensure the casino operates fairly and adheres to strict industry standards. Advanced security features are necessary for success.

Embrace the Flexibility of Non-GamStop Casinos

For players who value flexibility, non-GamStop casino sites deliver a thrilling and versatile gaming experience. With fewer restrictions, a vast array of games, and opportunities for significant rewards, these platforms offer UK players an ideal alternative to more conventional online casinos.

Responsible gambling is essential to ensuring a positive experience. Setting personal limits on deposits, playing times, and stakes can help players maintain control while still enjoying the excitement of non-GamStop gaming. Many of these platforms also offer tools to promote responsible play, such as time-out features and deposit limits.

In conclusion, non-GamStop casino sites provide an expansive, unrestricted gaming experience that allows UK players to explore new games, enjoy flexible bonuses, and play at their own pace. Players can enjoy all the benefits these casinos offer by choosing reputable platforms and practicing responsible gambling.