Canadian Diamond Exploration and Mining Company Lucara Diamond has appointed a new chief executive in a move towards modernizing the diamond industry with Blockchain technologies, the Financial Times reported today, Feb. 26.

The new CEO, Eira Thomas, will lead the company after its recent purchase of Clara Diamond Solutions for $ 29 mln, or 13.1 mln shares. The following are the words used by the author to coin [ensure] diamond provenance from mine to finger according to the Nasdaq press release.

Lukas Lundin, chairman of Lucara , said,

“We believe that Clara will not only modernize the entire diamond process, but also add value to all participants in the diamond market.”

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Lucara’s turn to a blockchain comes a month after De Beers, one of the world’s largest diamond producers, launched a pilot Blockchain initiative also for tracking a diamond supply chain to ensure each diamond is conflict-free.