The Diamond Industry and Blockchain: Dubai As The Meeting Point for Innovative Pairings

The Diamond Industry and Blockchain: Dubai As The Meeting Point for Innovative Pairings

At a recent private event at the posh Ritz Carlton in the heart of Dubai’s financial district, Dubai International Financial District ( DIFC ) was the celebration of the move of an American diamond company called Icecap LLC to Dubai. The company is the brainchild of the father/son team of Jacques Voorhees , who revolutionised the diamond industry in the 1980’s by introducing online trading technology via Polygon , and Erik Voorhees , a renowned bitcoin advocate and founder of ShapeShift . In the small private event were various people from across a wide range industries. However, what from the surface seemed an odd pairing was how blockchain and the diamonds were the focus, other than of course the American company moving its headquarters to Dubai. Upon discovery, the pairing of diamonds and blockchain (and by default fintech) didn’t seem so strange. The company has mentioned they are the first company to offer diamonds via NFT “token” technology . It was not just a celebration and announcement of them moving their headquarters to Dubai within Dubai Multi Commodities Center (DMCC) but also launching a line of high-end diamond and jewellery collectables. The tokenised “Icecap Collectibles” will include very high-end, natural