iTraceiT Partners with Cutwise Group

Hennuyeres, Wallonia, Belgium: iTraceiT, an independent, third-party company specializing in traceability solutions and the creator of the world’s first digital diamond passport has entered into a partnership with the Cutwise Group to permit users of iTraceiT to integrate the data of the Cutwise “DiLog” report for the scans of polished diamonds into their workflow, and thus enhance the traceability of these diamonds.

Developed by the Cutwise Group, “DiLog” is a service module that builds a report with a photoreal rendered image of the polished diamond, using a Helium Polish scanner to produce unprecedentedly accurate digital reports that detail precise measurements of the scanned stones. The costs of Cutwise “DiLog” basic reports are as low as €0,15 per stone scanned, putting them within reach of market segments that earlier would not have considered using diamond scans in their workflow.

iTraceiT’s CEO, Fredrik Degryse said, “With Cutwise DiLog, our clients can choose to add yet another layer of security to each diamond. Our app is based on secure blockchain digital technology without requiring or inscribing any proprietary physical markings on the stones. Therefore, when a customer adds the DiLog ID to a diamond registered by iTraceiT’s app, it offers an additional layer of security. The diamond cannot be swapped with any other stone since the data provided by iTraciT’s app, the stone’s grading report, and the DiLog ID cannot be matched to another diamond.”

Lexus Group’s CEO Janak Mistry, co-promoter of Cutwise said, “We’re very pleased to be teaming up with iTraceiT and allow its customers to integrate the DiLog ID service into their iTraceiT -driven workflow. Awareness and demand for independent and affordable traceability applications are rising in the current market. We are happy to advance this important service in the diamond supply pipeline.”

Degryse added that Cutwise is making great strides in developing its Diamond journey/Rough to Polish story based on Lexus-Octonus technologies integrated with Cutwise.