82 426
Fashion Jobs
SACK OFF 5TH
Asset Protection Uniform Guard
Permanent · PARAMUS
SACK OFF 5TH
Asset Protection Investigator
Permanent · SHREWSBURY
SACK OFF 5TH
Fulfillment Associate Part-Time
Permanent · LAWRENCEVILLE
NGG
Sales Supervisor
Permanent · NEW YORK
COTY
Assistant Marketing Manager, us Luxury - Burberry Makeup
Permanent · NEW YORK
NORTH CAROLINA STATE
Enterprise Research Administration Training Manager
Permanent · RALEIGH
NORTH CAROLINA STATE
Academic Coordinator
Permanent · RALEIGH
CENTRIC BRANDS
(Assistant) Manager, Logistics (Origin Carriers)
Permanent · NEW YORK
CENTRIC BRANDS
Keyholder, Robert Graham - Scottsdale
Permanent · SCOTTSDALE
CENTRIC BRANDS
Keyholder, Robert Graham - Las Vegas (Forum Shops)
Permanent · LAS VEGAS
MICHAEL KORS
PT Sales Supervisor, Walt Whitman Shops Huntington Station NY 11746
Permanent · HUNTINGTON
JCREW
Associate Manager
Permanent · CHARLOTTE
RAG & BONE
Account Executive
Permanent · NEW YORK
RAG & BONE
Senior Coordinator, Retail Marketing
Permanent · NEW YORK
MACY'S
Manager, Asset Protection
Permanent · FRIENDSWOOD
MACY'S
Asset Protection Detective, Southlake Mall - Part Time
Permanent · CLAYTON
MACY'S
Asset Protection Detective - Multi-Store, South Shore Plaza - Full Time
Permanent · BRAINTREE
MACY'S
Asset Protection Lead Detective - Multi-Store, South Shore Plaza - Full Time
Permanent · BRAINTREE
MACY'S
Manager, Asset Protection - Multi-Store
Permanent · FAIRVIEW HEIGHTS
STAND OUT FOR GOOD
Brand Rep
Permanent · LEAWOOD
RALPH LAUREN
Associate Manager
Permanent · TEXAS CITY
RALPH LAUREN
Associate Manager
Permanent · LEEDS
Published
May 25, 2018
Reading time
2 minutes
Download
Download the article
Print
Text size

Signet Jewelers to join De Beers Tracr blockchain pilot

Published
May 25, 2018

The world’s largest retailer of diamond jewelry, Signet Jewelers, has signed onto De Beers’ pilot program for end-to-end diamond blockchain Tracr, the first retailer to join a growing number of big diamond industry names trialling the platform.


Signet Jewelers owns a number of brands including Kay Jewelers, Zales and Jared The Galleria of Jewelry - Instagram: @kayjewelers

 
With Signet’s participation, Tracr will become the first digital link connecting all stages of diamond production from mining through to retail, allowing for complete traceability. A project team from Signet will work with Tracr to make sure that the platform is able to meet the needs of the jewelry manufacture and retail sectors.
 
Diamond jewelry tracking will be the initial focus of the partnership, which will also extend the pilot to cover smaller goods. Ultimately, Tracr is hoping to be able to provide traceability certificates for every diamond registered on the platform, guaranteeing consumers that what they are purchasing is both a natural and a conflict-free diamond.

“We are delighted to welcome Signet to the Tracr pilot programme,” said De Beers Group CEO Bruce Cleaver in a release. “Tracr is focussed on bringing the benefits of blockchain technology to the full diamond value chain – providing consumers with confidence, the trade with increased efficiency and lower costs, and lenders to the industry with greater visibility.”
 
“Responsible sourcing of diamonds has always been an integral part of Signet’s corporate ethos, and this will be further strengthened through our cooperation with Tracr,” stated Signet Jewelers CEO Virginia C. Drosos. “We are joining the Tracr pilot because we believe the project not only has strong potential to facilitate increased transparency and confidence within the industry, but it can also foster much-needed digital transformation.”
 
Between blood diamonds and environmental concerns linked to mining, the diamond industry has something of a murky reputation in terms of ethics. It’s perhaps unsurprising then, at a time when brands are being held to increasingly demanding moral standards by consumers – particularly millennials – that some companies, such as Swarovski, have turned to synthetic or “created” diamonds for their jewelry collections.
 
With its Tracr blockchain, De Beers also seems to be responding to these heightened consumer expectations, attempting to allay ethical doubts about natural diamonds through improved transparency, while using the same technology to guarantee a stone’s natural origin, reasserting this as a benchmark of quality and authenticity.
 
Signet runs over 2,900 stores around the US under the Kay Jewelers, Zales, Jared The Galleria of Jewelry and Piercing Pagoda banners. The company also operates some 500 locations under the H. Samuel and Ernest Jones brands in the UK, and more than 150 stores in Canada, primarily under the Peoples Jewellers brand. The company also operates JamesAllen.com.
 
De Beers Group is developing Tracr alongside BCG Digital Ventures and plans to launch the platform later this year.

Copyright © 2024 FashionNetwork.com All rights reserved.