Release Notes

Onboarding to EP is now self-managed. Simply sign on at platform.everledger.io to create either a supplier or a retailer account. Tailor your experience by identifying the business objectives most valuable to your trade, such as sustainability, traceability, circular economy, technology, data security, provenance, or simply gaining new connections. As many organizations today are already aligning their future direction alongside the United Nations Sustainable Development Goals (SDGs), EP also makes it easy to understand and express how these global challenges we face are being met — including poverty, inequality, climate change, environmental degradation, peace, and justice.

As a first step, Everledger’s Customer Screening process establishes the bona fide credentials of parties wishing to participate on the Everledger platform. This includes entity identification, individual identification, and an assessment of risk. Once our due diligence documentation is completed (typically within a 24-hour period), access to supplier and retailer profiles is granted along with the ability to transfer ownership of digital assets.

*The Everledger platform only accepts corporate email accounts (as opposed to personal Gmail or iCloud addresses) to sign up for this reason.

Supplier organization’s can edit corporate logos and cover images by confirming the city of operation within their profile. To estimate organizational carbon emissions, upload documents related to energy consumption or use the Carbon Fund calculator and simply follow the steps to report and donate to offset. To express industry compliance, upload certificates related to the organization and its transactions.

Sample compliance and sustainability documents:

• RJC Code of Practice (COP) is the overarching standard for social and environmental responsibility in accordance with the UN SDGs. Members are subject to 3rd party audits that verify conformance.
• The System of Warranties requires all diamond suppliers and diamond jewellery manufacturers to pass on a warranty statement each time diamond goods change hands, thereby assuring the next buyer the diamonds originated within the Kimberley Process system.

• Greenhouse Gas (GHG) and usage can be calculated by uploading documents relating to energy consumption, waste production, and transportation that are reviewed using OCR and comply with Everledger’s data governance.
• Diamond analytics like quality characteristics to the origin and certificate types will populate automatically once the KYC and data uploading processes have been completed. Retailers will discover supplier profiles that fulfill their purchase criteria.

Add logos, update cover images, and set purchase criteria based on the diamond quality characteristics, origin, organizational compliance standards, or sustainability metrics needed for either corporate social responsibility or for use in-store or online. Once the KYC process is complete, access the dashboard for an overview of the suppliers which meet profile criteria and begin accessing stock within Search & Find.

Suppliers can upload provenance data related to diamond stock via API or CSV that increases commercial visibility and opportunity to sell diamonds with reliable traceability (see Data Ingestion API for details).

The data schema for diamonds includes standard industry identifiers such as grading report numbers, as well as invoice, parcel, lot, packet, and certificate attributes. Data is normalized to ensure it is able to be uniformly queried, used in data analysis, and visualised.

With all the necessary elements to satisfy data governance and storage on the blockchain provided, the processing time and status for uploading diamond data presently takes one business day for every 24,000 stones.

As Everledger provides a network of immutable, trusted data related to the origin and lifecycle of products people care about, the usefulness of the platform to all participants requires that all data contributed is set up correctly.

Data committed to a blockchain cannot be later erased – corrections can be made, but the history remains. Therefore it is worth upfront effort to ensure corrections are minimised, and automated ingestion mechanisms are tested to work smoothly.

Suppliers can choose what data they wish to contribute and how they wish to contribute it. We can advise participants based on the claims they wish to make.

With secure connections to suppliers, retailers can gain a high-level overview of stock on the platform by quality, compliance and sustainability metrics. In Search & Find, retailers can employ traditional filter criteria such as carat weight, shape, cut, clarity, and color as well as sustainability, compliance and origin — including those stones with GIA Diamond Origin Reports.

Retail buyers can contact suppliers directly for holds, purchases or arrangements for consignment.

Transferring Ownership

Within the organization’s Vault are the ‘digital twins’ of each diamond, either uploaded or purchased, where forensic data, provenance events, and certifications are kept.

The transfer of ownership of a diamond’s digital twin and provenance record is made from the supplier’s Vault and into the Vault of a retailer. This change in custody is recorded on blockchain and is what provides for an authentic and accurate provenance story for each gem. Retailers are alerted to successful transfers by email notification, with an invitation to access their Vault. Similarly, retail jewelry customers are invited to access their own vault on the Everledger platform upon a diamond’s purchase.