GIA Tracr acquisition

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GIA Acquires 30% Stake in Tracr Blockchain Platform, Boosting Diamond Transparency. The GIA has acquired a 30% shareholding in Tracr, De Beers' blockchain platform, to enhance diamond traceability and

GIA Acquires 30% Stake in Tracr Blockchain Platform, Boosting Diamond Transparency

The Gemological Institute of America (GIA) has acquired a 30 percent shareholding in Tracr, a blockchain-backed platform developed by De Beers Group, aiming to enhance transparency and traceability across the global diamond supply chain. This strategic investment underscores a broader industry push for verifiable provenance data, impacting consumer confidence and regulatory compliance.