International News
GET-Diamonds to Launch World’s First Blockchain-Based Digital Diamond Certificate at JCK Las Vegas
In a move poised to revolutionize the diamond industry, GET-Diamonds.com, in partnership with digital identity firm YourProof.id, will unveil the world’s first blockchain-based Digital Diamond Certificate (DDC) at the JCK Jewelry Show in Las Vegas on 6 June 2025.
This innovative certificate links a diamond’s grading report to a tamper-proof blockchain record, accessible through a secure digital wallet. Unlike traditional paper certificates, which are often lost or forgotten, the DDC is a verifiable digital asset — portable, secure, and impossible to misplace.
“About 80% of diamond buyers lose their certificates within months,” said Tim Goodman, CEO of GET-Diamonds and YourProof.id. “With YourProof.id, the certificate becomes part of the diamond’s story — safely stored, shareable, and rich in value.”
Beyond authentication, the DDC offers personalization features: retailers can embed branded content, educational videos, promotions, or even heartfelt messages — creating a digital experience for every diamond.
Built on Ethereum smart contracts and fully compliant with KYC/AML and GDPR standards, the DDC not only boosts trust and transparency but also helps safeguard brand value across the supply chain.
The innovation will also be highlighted at the WFDB Presidents’ Meeting in New York on 10–11 June, where dignitaries including Botswana President Duma Boko and U.S. Secretary of Commerce Howard Lutnick are expected to attend.
Available to WFDB and GET platform members starting at $25 per certificate, the DDC will soon integrate traceability data from Sarine, a leader in diamond tech.
Goodman concluded: “We’re setting a new global standard. Retailers will receive diamonds already certified with a DDC and can instantly transfer the certificate to their customer’s wallet at the point of sale. And if they don’t have a wallet? It only takes a minute to set one up — in-store or online.”
International News
MCX Gold, Silver Rise Despite Global Weakness; US Data, Iran Tensions Keep Bullion Markets On Edge
While Domestic Gold and Silver Prices Edged Higher On MCX, International Spot Gold Slipped Amid Uncertainty Over US-Iran Negotiations, Inflation Concerns
Gold and silver prices witnessed mixed momentum on May 28, with domestic futures on the Multi Commodity Exchange (MCX) trading marginally higher even as international spot gold prices remained under pressure. The divergence reflects cautious investor sentiment amid ongoing geopolitical tensions, uncertainty surrounding US-Iran peace negotiations, and expectations of tighter monetary policy in the United States.
MCX gold futures for June delivery rose modestly by Rs. 215 to Rs. 1,57,898 per 10 grams, while silver futures for July delivery gained Rs. 2,000 to trade at Rs. 2,72,628 per kilogram in early trade. The domestic uptick was supported by weakness in the US dollar and cautious positioning ahead of key macroeconomic developments.
However, global spot gold prices extended losses for a second consecutive session as investors remained wary of the inflationary impact of elevated energy prices and the possibility of prolonged geopolitical instability in the Middle East. Analysts noted that fading hopes of a near-term diplomatic breakthrough between the US and Iran have revived concerns around oil supply disruptions, higher crude prices, and inflation risks — factors that continue to influence precious metals.
According to market experts, gold has struggled to regain strong upside momentum despite its safe-haven appeal, as rising US bond yields and a firmer dollar have reduced investor appetite for non-yielding assets like bullion. Silver, meanwhile, remained under pressure globally after recent military developments in southern Iran weakened expectations of an immediate resolution to regional tensions.
Investors are now closely watching key US macroeconomic indicators, including ADP employment figures, GDP growth data, and the Personal Consumption Expenditures (PCE) inflation index — the Federal Reserve’s preferred inflation gauge. These data points are expected to offer fresh direction on the Fed’s interest rate trajectory, which remains a crucial driver for gold and silver prices.
With geopolitical risks still elevated and inflation concerns persisting, bullion markets are expected to remain volatile in the near term as traders await clearer signals on both diplomacy and monetary policy.
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