Chow Tai Fook:

Blockchain for the Diamond Industry

 Diamond Industry

• GIA industry standard

• Four C’s: colour, clarity, cut, and carat weight
 Challenges

• Synthetic (lab-grown) diamonds

• Diamond certificate may be fake
– If not purchasing from legitimate source
– Real certificate but fake (synthetic) diamond
• Blood diamonds
– Mined in rebel-controlled areas, for funding terrorist
– Socially conscious customers want to buy an ethical
diamond
 Blockchain-Powered Certificate

• Need to register at the CTF’s apps when a

transaction occurs
• Cost savings and reduced human error
• Connecting CTF with secondary market
• Improved the stickiness of customers
 Assignment Questions

• Would you buy a diamond with the blockchain

technology versus one without blockchain? How
much more would you pay for a blockchain
diamond?
• How can blockchain be used to solve some of the
challenges of the diamond industry?
• What challenges does CTF face in implementing
blockchain?