Singapore jeweller Gems Origin has partnered with Accredify, a major verification solutions provider, to adopt blockchain technology to authenticate fine jewellery pieces. 

According to Gems Origin, this development serves as an industry benchmark and marks a milestone towards modernising the jewellery trade using advanced technology.

The partnership stipulates that each gem sold and crafted into a fine jewellery by Gems Origin will come with a certificate of authenticity to be placed on the blockchain to ensure integrity and security. This immutable ledger will guarantee that data is unchanged, helping customers preserve and trace the value of their jewellery as it is passed on to 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 and picture of the final product are incorporated in the certificate. This information can be accessed and verified by scanning a QR code. 

Quah Zheng Wei, CEO and co-founder of Asia-Pacific-based Accredify, commented, “The application of verification technology to luxury goods serves as a new way for brands to assure consumers of their high-value asset’s authenticity.”