Gems Origin Partners with Accredify to Pioneer New Industry Benchmark in Bespoke Fine Jewellery Using Blockchain Technology

SINGAPORE – Media OutReach – 9 January 2023 – Gems Origin, a private bespoke fine jeweller, today announced its partnership with Accredify, Asia Pacific’s leading verification solutions provider, to adopt cutting-edge blockchain technology for the authentication of fine jewellery pieces. This pioneering move serves as an industry benchmark and a significant milestone in integrating latest technologies to bring the fine jewellery industry into the next era.

< >Under this partnership, each gem sold and crafted into a fine jewellery by Gems Origin will receive a certificate of authenticity which will be placed on the blockchain to ensure integrity and security. This immutable ledger will ensure that data on the certificates remained unchanged, which in turn helps customers to preserve and trace the value of their fine jewellery pieces as they pass them to their future generations.

Each time a piece of fine jewellery is made, information such as the size, type and number of gemstones used, the dimensions of the piece, accompanying certificates (eg. GIA certificate of diamonds) and picture of the final product are incorporated in the certificate. This same set of information is stored on the blockchain, allowing clients to verify the information about their pieces by simply scanning a QR code. The process is similar to how our vaccination certificates are being checked when we travel.

By making these verifiable information available on a public domain, it demonstrates the confidence Gems Origin has in every handpicked gemstone used to create bespoke jewellery. This in turn reassures its clients on the quality of gemstones used for their unique pieces.

This will also serve as the foundation for the resale market should there ever come a time when clients decide to sell their pieces. The immutable certification on blockchain will provide buyers with a peace of mind, with irrefutable certainty about the gem authenticity and quality.

The global jewellery market size was estimated to be valued at USD 249.02 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.5 percent from 2022 to 2030 ^[1]. Coupled with a rise in high net-worth individuals (HWI) in the Asia Pacific region to approximately 7.2 million

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