Everledger has launched a block-platform that will help diamond miners reduce carbon dioxide emissions during diamond mining and processing.
Launched in partnership with Shairu&Atit Diamonds, a company operating in the U.S. and India, the platform enables diamond industry participants to finance CO2 reduction projects. These projects can address greenhouse gas emissions by planting new trees, combating deforestation, providing access to clean water and investing in renewable energy.
Among the retail stores selling jewelry, the first on the platform will be Fred Meyer and Littman Jewelers.
Back in 2015, Everledger launched a blockage solution to verify the authenticity of diamonds. And recently the company announced plans to develop a platform for tracking shipments of cobalt and lithium with Circulor.
"Earth Day — a good day to launch a new solution because it is based on the objectives of the Paris Climate Agreements and the UN's sustainable development goals. Consumers will be able to be informed about the CO2 emissions of the diamond industry through the Everledger platform," said Leanne Kemp, CEO of Everledger.
Late last year, the Russian company ALROSA announced the use of the Everledger platform for a pilot project to track diamond supplies.
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